Norges Bank takes stake in BHP past 5%
BHP Group Limited NPV (DI)
2,222.00p
17:15 07/11/24
3.54%
76.00p
Norway's sovereign wealth fund took its stake in Australia's BHP past 5% despite recently airing its reservations about the group's activities in coal.
FTSE 100
8,140.74
17:09 07/11/24
n/a
n/a
FTSE 350
4,495.56
17:10 07/11/24
n/a
n/a
FTSE All-Share
4,453.48
16:30 07/11/24
n/a
n/a
Mining
11,474.12
17:04 07/11/24
-0.16%
-18.76
In a statement published after the close of trading on 17 July, the Australian mining and oil group disclosed that, on 15 July, Norges Bank Investment Management had raised its stake in the firm's capital from 4.06% to 5.01%.
The timing of the decision caught some investors by surprise because as recently as May, Norges Bank had placed BHP on an observation list "after an assessment against the product-based coal criterion".