Norway Backs Shareholder Call For Toshiba To Solicit Buyout Offers

Norway Backs Shareholder Call For Toshiba To Solicit Buyout Offers

TOKYO (Reuters) – Norway’s sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms, according to a voting record.

Norges, the world’s largest sovereign wealth fund, voted against the Japanese conglomerate’s plan to break itself up by spinning off its devices business.

(Reporting by Makiko Yamazaki; Editing by David Clarke)