NORWAY'S central bank, Norges Bank, has taken up a 3 per cent stake in listed agriculture company Tandou at a price of 40¢ a share.
The move follows the sale of Volcot Holdings' 30.59 per cent stake in Tandou to three specialty funds, Ecofin, Ecofin Power & Opportunities and Water Asset Management.
The Australian Financial Review reports the price paid by Norges Bank is above Guinness Peat Group's bid for the whole of Tandou at 33¢ a share.
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