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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Norway’s wealth fund voted against Fiat-Chrysler merger

Posted on 08 August 2014

Norway’s sovereign wealth fund was the single largest shareholder to vote against Italian carmaker Fiat’s merger with its U.S. unit Chrysler, according to minutes of the Aug. 1 shareholder meeting.
Norges Bank, which registered for the shareholder meeting with a 2.15 percent stake, declined to say on Thursday why it voted against the tie-up or whether it would exercise its right as a dissenting investor to sell its shares in Fiat………………………………………..Full Article: Source


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