Dufry: Norges Bank trims stake to below 3%
(CercleFinance.com) - The Central Bank of Norway has trimmed its investment in Dufry to take it back below 3%, just a week after it exceeded that level, according to a filing on Wednesday.
Norges Bank reduced its stake in the Swiss travel retailer to 2.78% as of 22 November, after returning collateral shares, the filing said.
Last week Norges Bank's stake had risen to 3.06%.
Since 1996, the Norges Bank investment fund's market value has grown from nothing to 10,000 billion kronor (about 990 billion euros).
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