Norway backs shareholder call for Toshiba to solicit buyout offers By Reuters

© Reuters. FILE PHOTO: Toshiba logos are pictured at Toshiba Corp’s annual general meeting with its shareholders in Tokyo, Japan, June 25, 2021. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Norway’s sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba (OTC:) 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.

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