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Birmingham Post

Business

Jon Robinson

EXPLAINED: Norges bank becomes second largest investor in boohoo | Vintage Vibes

Boohoo Norges Bank Russia

The central bank of Norway has become the largest institutional shareholder in fast fashion giant Boohoo.

Norges Bank has almost tripled its stake in the Manchester-headquartered company from 4.2% to 11.7%, according to documents filed with the London Stock Exchange.

The move comes after the bank first acquired a 3.1% holding in the business in December 2021.

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