In this case, even the Norwegian oil fund once backed away from its principles: Normally, the conservative sovereign wealth fund does not comment on individual companies, and it certainly does not publicly support activist shareholders. In the case of the Italian energy company Enel, however, the Norwegians now apparently saw themselves called upon to to take a stand and joined a shareholder revolt unusual by Italian standards this week.
Italy’s government wins power struggle at energy company Enel – Economy
