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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Norway fund no to Xstrata deal‎

Posted on 30 August 2012

Ivan GlasenbergNorway has joined forces with Qatar in opposition to the $70 billion merger between commodities trader Glencore and miner Xstrata, further threatening one of the biggest deals in the natural resources industry over the past decade.
Norges Bank Investment Management, the manager behind Norway’s oil-backed sovereign wealth fund, has spent more than $500 million over the last few weeks buying Xstrata shares, according to regulatory fillings………………………………………..Full Article: Source


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