Norway sovereign wealth fund buys into Sri Lankaâ€™s Tokyo Cement
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. (Colombo/November 16 2015)