BOOKS

Publisher Freezes Libyan Government Stake In Business

03/01/2011 07:42 am 07:42:04 | Updated May 25, 2011

Pearson has frozen the Libyan government's 3% stake in the media group amid continuing violence in the Middle Eastern country.

The Libyan Investment Authority (LIA), Libya's sovereign wealth fund, has 26.6m shares in Pearson or 3.27% of the issued share capital, meaning it is Pearson's fifth biggest shareholder.

Read more on The Bookseller

Suggest a correction