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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Norway wealth fund focuses on corporate engagement

Posted on 26 April 2013

In 1978, Volvo and Norway unveiled an audacious proposal. The Swedish company would sell 40 per cent of itself to the government in Oslo and in return would gain access to Norway’s North Sea oil reserves. The contentious plan eventually floundered because of shareholder opposition at Volvo.
However, now the Norwegian state – through its $720bn oil fund, the largest sovereign wealth fund in the world – is the second-largest owner of the Swedish truckmaker in terms of capital………………………………………..Full Article: Source


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