Norway backs shareholder call for Toshiba to solicit buyout offers

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TOKYO (Reuters) – Norway’s sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba (OTC:TOSYY) Corp solicit buyout offers from private equity firms, according to a voting record.

Norges, the world’s largest sovereign wealth fund, voted against the Japanese conglomerate’s plan to break itself up by spinning off its devices business.