Press release 21 August 2002
New mandates for management of equity portfolios in the Government Petroleum Fund
Norges Bank Investment Management is today announcing new external active mandates for the Government Petroleum Fund. The new mandates consist of global mandates in the telecommunication services sector and a regional mandate for the Pacific region in the financials sector.
The initial funding of individual mandates is expected to be in excess of USD 200 million.
Further information is provided on Norges Bank's website under the Government Petroleum Fund.
Managers interested in tendering should visit the tendering page http://nbim.ipe-quest.com
Contact: Mr Knut N. Kjær, Executive Director, tel. +47 22 31 60 00
Mr Yngve Slyngstad, Head of Equities, tel. +47 22 31 61 94