Dufry: Norges Bank trims stake to below 3%
(CercleFinance.com) - The Central Bank of Norway has trimmed its investment in Dufry to take it back below 3%, just a week after it exceeded that level, according to a filing on Wednesday.
Norges Bank reduced its stake in the Swiss travel retailer to 2.78% as of 22 November, after returning collateral shares, the filing said.
Last week Norges Bank's stake had risen to 3.06%.
Since 1996, the Norges Bank investment fund's market value has grown from nothing to 10,000 billion kronor (about 990 billion euros).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Norges Bank reduced its stake in the Swiss travel retailer to 2.78% as of 22 November, after returning collateral shares, the filing said.
Last week Norges Bank's stake had risen to 3.06%.
Since 1996, the Norges Bank investment fund's market value has grown from nothing to 10,000 billion kronor (about 990 billion euros).
Copyright (c) 2019 CercleFinance.com. All rights reserved.