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Sovereign Wealth Funds Briefing - Categorized | Market

Norges Bank goes shopping in Tesco despite analysts’ fears over sales

Posted on 16 April 2014

Do the Norwegians know something the market doesn’t? Norway’s $840 billion national government pension fund, run by the country’s central Norges Bank, seems to.
The fund has been buying Tesco in a big way in advance of full-year numbers due out this morning. A statement by the company dropped just after the closing bell yesterday revealing that Norges Bank, already Tesco’s largest investor, has upped its bet on Britain’s biggest supermarket chain again………………………………………..Full Article: Source


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