Norway raised Greencore stake two days before horsemeat find

Norway's sovereign wealth fund increased its holding in Greencore just two days before horsemeat was found in one of the company's sauces, sending its share price plunging.

17th February, 2013
Frightening the Norses: Norway's sovereign wealth fund sank fresh cash into Greencore just before the firm's share price plunged. Photo: Getty

Norway's sovereign wealth fund, the largest such fund in the world, increased its holding in Greencore just two days before horsemeat was found in one of the food company's fresh sauces, sending its share price plunging.

The fund, which has more than $650 million in global assets under management, increased its stake in the Santry-based company to just over 3 per cent last Tuesday, adding nearly 400,000 shares when the stock was trading at just under 108p.

Last...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago