In the dispute over the planned restructuring of the Japanese conglomerate, the Norwegian sovereign wealth fund has sided with management’s opponents. Like other shareholders, the Norwegians are also in favor of Toshiba giving up its split-up plans and instead obtaining purchase offers from financial investors. This emerges from documents for the extraordinary general meeting planned for Thursday. According to data, the Norwegian fund, the largest sovereign wealth fund in the world, only holds 1.22% of Toshiba’s shares. However, the opinion of such prominent investors may influence the behavior of other investors.
Toshiba – trouble with sovereign wealth funds – economy
