| The world’s largest sovereign wealth fund has thrown its weight behind Aviva’s planned acquisition of Friends Life, buying about £100m worth of shares in the two FTSE 100 insurers since the £5.1bn deal was unveiled. Norway’s $860bn oil fund has joined the ranks of Friends Life’s 10 largest shareholders after increasing its stake in the takeover target by 70 per cent, according to regulatory filings.
The institution has also increased its stake in Aviva, which has struck an agreement with Friends to do the biggest deal in the UK insurance sector in 15 years, by more than half...............................................Full Article: Source
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