Norges Bank acquires 3% stake in BHP

Company News


BHP Billiton Limited (ASX:BHP) has advised the market this morning that Norwegian central bank, Norges bank has acquired a three per cent stake in the company.

The central bank bought over 63 million shares last week, equivalent to 2.99 per cent of total shares.

The news comes after the global miner’s chief Marius Kloppers advised European investors last week, that it is unwise to make further investment in Australia’s coal industry due to the Gillard government’s Mineral Resource Rent Tax and Carbon Pollution Reduction Scheme.

BHP Billiton posted a net profit of $15.24 billion in the 2012 financial year. 

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