Norway sovereign wealth fund backs call for Toshiba to solicit buyout offers

The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai

Norway‘s sovereign wealth fund, the world’s largest, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms ahead of an extraordinary meeting on March 24.

The fund voted against the Japanese industrial conglomerate’s plan to break itself up by spinning off its devices business, a voting record showed.

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