ECONOMYNEXT – Norway's Norges Bank, the world's biggest sovereign wealth fund, has bought a stake in Tokyo Cement, emerging among the Sri Lankan cement maker’s top 20 shareholders.
Norges Bank has bought 2,078,857 voting shares of Tokyo Cement, amounting to a 0.93 percent stake, and 6,269,466 non-voting shares or a 5.63 percent stake, according to the firm’s September 2015 quarter results.
Earlier Norges Bank, the world's biggest sovereign wealth fund with about a trillion dollars invested in equities, fixed income securities and real estate, bought 7.5 million shares in fabric maker Textured Jersey Lanka.
Norges Bank has bought 2,078,857 voting shares of Tokyo Cement, amounting to a 0.93 percent stake, and 6,269,466 non-voting shares or a 5.63 percent stake, according to the firm’s September 2015 quarter results.
Earlier Norges Bank, the world's biggest sovereign wealth fund with about a trillion dollars invested in equities, fixed income securities and real estate, bought 7.5 million shares in fabric maker Textured Jersey Lanka.
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