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Sovereign Wealth Funds Briefing - Categorized | Investment, Reserve Currencies

Norwegian Central Bank acquires stake in Bank Of Cyprus

Posted on 22 September 2011

Norges Bank Investment Management (NBIM), a fund controlled by the Central Bank of Norway, is the buyer of several share packages of Bank of Cyprus that have been transferring since last Thursday, according to reliable information.
The same sources note that NBIM has acquired a stake of 1.1% of the bank. The Central Bank of Norway had proceeded with the establishment of asset management sector in order to manage assets of government pension funds and foreign exchange reserves……………………………………….Full Article: Source


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