Norges wealth fund increases stake in Dialog, EPF reduces

Aug 08, 2016 (LBO) – Norges Bank has increased its shareholding in Dialog Axiata PLC to 96.6 million shares as of end June, data filed with the Colombo Stock Exchange shows.

Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, is now the fifth biggest shareholder in telecommunications company Dialog with a 1.19 percent stake.

The shareholding is up from 28.7 million shares as of end September, 2015.

EPF has reduced its position from 193.8 million shares in March to 180.8 million shares by end June. EPF now has a 2.2 percent stake and is the second largest shareholder.

Norges Bank Investment Management has close to 900 billion dollars invested in global assets, a fund built from the country’s oil revenues.