Published by Global Banking & Finance Review®
Posted on April 1, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleNorway's wealth fund will vote against Rio Tinto's dual-listing review, impacting shareholder decisions at the AGM.
(Reuters) - Norges Bank Investment Management will vote against a resolution for mining major Rio Tinto to review its two listings in London and Sydney, the website for Norway's sovereign wealth fund showed.
Rio Tinto shareholders are set to vote on the resolution, brought by London-based hedge fund Palliser Capital and more than 100 other shareholders, at the world's largest iron ore miner's annual general meeting on Thursday.
Norges Bank, the world's largest sovereign wealth fund, is the seventh biggest shareholder in London-listed Rio Tinto Plc, with a 2.51% stake, according to data compiled by LSEG.
In February, Rio Tinto recommended its shareholders to vote against the resolution.
"A dual-listed companies (DLC) structure unification is not required to provide the group with strategic flexibility," the company said in March, after conducting a comprehensive review of the structure.
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Alan Barona)
The main topic is Norway's sovereign wealth fund voting against a resolution for Rio Tinto to review its dual-listing structure.
The resolution could impact Rio Tinto's strategic flexibility and shareholder value.
The resolution was brought by Palliser Capital and over 100 other shareholders.
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