Norway Wealth Fund Owned Turkish Stocks Swept Up in Fraud ...
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9 Articles
The fund scandal that has dominated Türkiye's agenda has also affected Norway. It has emerged that Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund with a size of $2.3 trillion, holds shares in 10 Turkish companies that are under investigation by the Capital Markets Board of Turkey (SPK).
Norway Wealth Fund Owned Turkish Stocks Swept Up in Fraud ...
Bloomberg reported that the Norwegian sovereign wealth fund holds shares worth approximately 2 billion kroner ($208 million) in 10 companies at the center of a market manipulation investigation in Turkey.
The Norwegian Sovereign Wealth Fund, the world's largest sovereign wealth fund with approximately $2.3 trillion in assets, has been revealed to hold $208 million worth of shares in 10 companies implicated in the massive fund and market manipulation investigation in Turkey. These shares, representing roughly 10% of the fund's Turkish equity portfolio, include Astor Enerji, which has lost 41% of its value, and Tera Yatırım, which is at the center …
The crisis that is shaking the Turkish stock market is proving to have trapped not only domestic investors. Even the world's largest sovereign wealth fund was caught in its vortex. The Norwegian… How the Turkish fiasco also burned Norway – The world's largest sovereign wealth fund in turmoil - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
According to data published on its website on June 30 by Norges Bank Investment Management (NBIM), the institution held shares in 10 companies in Türkiye that were linked to legal proceedings by prosecutors or regulatory bodies.
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