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Home Technology Gaming

Norway Backs Shareholder Call For Toshiba To Solicit Buyout Offers – Reuters.com

by NewsReporter
March 19, 2022
in Gaming
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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

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TOKYO, March 19 (Reuters) – Norway’s sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba Corp (6502.T) 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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Reporting by Makiko Yamazaki; Editing by David Clarke

Our Standards: The Thomson Reuters Trust Principles.

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