ECM banks eye prizes from Norway's fossil fuel divestment

Equity capital markets bankers are eyeing with interest the possibility that Norway’s $1tr sovereign wealth fund might sell all its holdings in oil and gas stocks, potentially creating opportunities for block trades or other structured transactions.

  • By Aidan Gregory
  • 17 Nov 2017
Norges Bank, which manages the Government Pension Fund Global on behalf of the Norwegian government, wrote to the Ministry of Finance on Thursday that removing oil and gas stocks from the fund’s benchmark index would “make the government’s wealth less vulnerable to a permanent drop in oil and ...

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