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Norwegian Pension Fund raises its stake in Spanish stock market to €12,407 M, up 23% from the previous year

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Posted By: The Corner 4th March 2024

Link Securities| The Norwegian Pension Fund has €12,407 million invested in companies listed on the Spanish stock exchange, according to the 2023 report from Norges Bank Investment Management (Nbim), up 23% from the previous year, Expansión newspaper reports today. Among its investments, it holds 3.36% (3.59% in 2022) of IBERDROLA (IBE), valued at €2,491.2 million; 2.26% (3.36% in 2022) of BANCO SANTANDER (SAN), valued at €1.355.6 million; 2.84% (2.09% in 2022) of BBVA, valued at €1,341.1 million; 1.0% (1.24% in 2022) of INDITEX (ITX), valued at €1,212.8 million; and 3.61% (3.59% in 2022) of CELLNEX (CLNX), valued at €894.5 million.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.