| From Independent.ie: Oil-rich Norway has built up a 4 per cent stake in Gary McGann's €1.6bn-valued Smurfit Kappa Group in recent weeks. The Norwegian state fund is now Smurfit's fifth largest shareholder with a near €70m stake in the paper and packaging group.
The stakebuilding, by the vast €230bn Norwegian state sovereign wealth fund, fronted by Norges Bank Investment Managers, is thought to have started at the end of last year but big blocks of shares were bought in March and again in the last fortnight.......................................Full Article: Source
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