FILE PHOTO: A normal view of the Norwegian central financial institution, the place Norway’s sovereign wealth fund is located, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Picture
June 17, 2021
OSLO (Reuters) – Norway’s $1.35 trillion sovereign wealth fund, the world’s largest, stated on Thursday it will assist Vivendi’s plan to spin off Common Music, together with the distribution-in-kind of shares to Vivendi shareholders.
Individually, the fund will vote in opposition to the compensations of Vivendi’s chairman, chief government, high administration and board members in keeping with its coverage of getting government pay that’s clear and aligned with long-term shareholder pursuits.
The Norwegian sovereign wealth fund had a 1.49% stake in Vivendi value $572 million on the finish of 2020, in accordance with fund information.
(Reporting by Gwladys Fouche, modifying by Terje Solsvik)