Norwegian government scheme slashes Tesco holding

Stephanie Baxter
clock • 1 min read

Tesco's largest shareholder, the Norwegian government pension fund, has offloaded a large proportion of its holding in the supermarket.

The £570bn scheme, which is run by Norges Bank Investment Management, sold 27 million shares during December to bring its ownership of the UK retailer below 6%, according to The Sunday Times. It ha...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

TPTIM signs up first external fiduciary management client

TPTIM signs up first external fiduciary management client

Deal with Dalriada comes on behalf of a DB scheme sponsored by Paradigm Housing

Jonathan Stapleton
clock 17 November 2025 • 1 min read
It's time for DC schemes to view nature as an asset class

It's time for DC schemes to view nature as an asset class

Louise Farrand says biodiversity is a financial factor with a huge under-recognised value

Louise Farrand
clock 14 November 2025 • 5 min read
Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

Partner Insight: Blunt questions, bold results - Turning a pension deficit into surplus

A partnership with SEI helped the Joy Global pension scheme turn a stubborn deficit into a surplus and paved the way for a buy-out. The key, says Trustee Jim Parker, was frank communication.

SEI
clock 12 November 2025 • 5 min read
Trustpilot