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Sovereign Wealth Funds Briefing - Categorized | Market

Big Norway fund criticizes VW over Porsche dealings

Posted on 08 October 2009

From Reuters: Norway’s sovereign wealth fund, Europe’s biggest equity investor, on Wednesday criticized German auto maker Volkswagen for plans to take over some Porsche assets, which it called costly and “unacceptable.”

The wealth fund, which at the end of 2008 held stock worth $450 million in Volkswagen, did not openly threaten to sell its shares but said it saw “little reason” to support the proposed transactions if its concerns were not alleviated………………..Full Article: Source

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