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Tesco’s biggest investor slashes stake

Tesco’s biggest investor, Norway’s Government Pension Fund Global, sold a large portion of its stake in the supermarket in the run-up to Christmas.

The £570bn fund, run by Norges Bank Investment Management, sold 27 million shares in Tesco last week, according to The Sunday Times. Since August, it has sold a total of 83.5 million shares in Tesco, worth more than £125m.

The latest sale takes its holding in Tesco to below 6%.

 

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