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| Norway Wealth Fund Interested in Portuguese Assets, Diario Says |
| [19.03.2012, 08:22pm, Mon. GMT] |
Norway’s $600 billion wealth fund is interested in the sale of state-owned assets in Portugal, Diario Economico reported, citing an interview with Yngve Slyngstad, chief executive officer of Norges Bank Investment Management. A decision to take part depends on the price of the assets, Yngve told the Portuguese newspaper. The fund is cutting its holdings of euro-area bonds and investing in stocks in the region, he was cited as saying.The wealth fund invested 1.7 billion euros ($2.24 billion) in Portugal in 2011 compared with 2.1 billion euros the previous year, Diario Economico reported. Portugal is selling stakes in several companies to comply with the terms of a 78-billion euro bailout requested last year from the European Union and the International Monetary Fund.
(bloomberg) |
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