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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Norway’s oil fund trims Vestas stake to below 5pct

Posted on 11 February 2011

From Reuters: Norway’s sovereign oil wealth fund has trimmed back its investment in Danish wind turbine maker Vestas to take it back below a 5 percent stake, just a month after it exceeded that level, Vestas said on Thursday.
Norges Bank Investment Management (NBIM) — the unit of the Norwegian central bank that manages the more than $500 billion oil fund — reduced its stake in Vestas to 4.86 percent as of Feb. 9, Vestas Wind Systems A/S said in a statement……………………………………….Full Article: Source


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