Fiji Times, Sat 27 Jan – FNPF has increased its offshore portfolio, in line with one of its strategic priorities to diversify and optimise the investment portfolio with particular focus on offshore investments.” FIJI National Provident Fund members are expected to benefit from dividends and capital growth.
The fund has entered into a share sale agreement to acquire shares in Bank South Pacific Ltd (BSP) in Papua New Guinea. The agreement, dated January 22, 2018, was inked with the International Finance Corporation (IFC), a member of the World Bank Group, which had divested its 22.8 million shares to FNPF. Confirming the deal to this newspaper yesterday, FNPF chief operating officer Jaoji Koroi said they had acquired 4.88 per cent shares in BSP PNG in two separate tranches of 2.44 per cent each Read in Fiji Times
