From Adelaide Now.....
NORWAY'S Central Bank has bought a stake in Beach Energy.
The company has been buying stock in the Adelaide company since April.
Norges Bank Investment Management is the world's largest sovereign wealth fund, built on the back of Norway's oil riches.
Pal Haugerud, head of asset management for Norway's finance ministry, tolf the Financial Times this week the fund was looking for more risk.
"The fund can exploit (its nature as a long-term investor) by being a provider of liquidity in periods when there is a lack of liquidity," he was quoted as saying.
Beach told the Australian Securities Exchange that Norges had bought 5.61 per cent of the company.
Norges joins NAB with 7.04 per cent, DFA Group with 5.61 per cent, AMP with 5.16 per cent and Ellerston Capital with 5.15 per cent.
Beach shares were trading at $1.21, down 1.5c.
From Adelaide Now.....NORWAY'S Central Bank has bought a stake...
Add BPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.50 |
Change
0.000(0.00%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.49 | $6.922M | 4.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 390051 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 165061 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |