Sizable Boohoo stake snapped up by Norway’s central bank
The central bank of Norway has become one of the largest shareholders in fast fashion giant Boohoo.
Norges Bank has snapped up a stake worth about 3.1% in the Manchester-headquartered listed company.
The move has been confirmed in documents filed with the London Stock Exchange.
Norges Bank’s new holding in the company makes it one of the largest single shareholders in Boohoo, ahead of the likes of Franklin Templeton Institutional and Artisan Partners.
Co-founder Mahmud Kalmani remains the largest single shareholder with T. Rowe Price International in second.
Norges Bank is now the fifth largest institutional investor in Boohoo.