Norway’s $2.7 trillion sovereign wealth fund has rejected calls to collapse the dual-listed structure of the world’s second-largest miner, Rio Tinto, despite two of America’s biggest pension funds throwing their support behind such a plan.
Owners of Rio’s London-listed shares will meet on Thursday to vote on a resolution proposed by activist hedge fund Palliser Capital that would compel Rio management to review the suitability of the company’s dual-listed structure that was established in 1995.
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