Norges Bank ups its stake in Shaftesbury

Carnaby street 2017

Norges Bank has upped its stake in Shaftesbury to 25.06%, taking it over the threshold for it to vote down special resolutions brought forward by the company at AGMs.

Special resolutions, which require 75% shareholder approval to pass, have become the weapon with which Sammy Tak Lee, Shaftesbury’s largest shareholder, attacks the West End landlord.

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