Norges Bank Investment Management will vote against a resolution calling on the mining group Rio Tinto $RIO (-6,32%) to review its two stock exchange listings in London and Sydney, according to the Norwegian sovereign wealth fund's website.
Rio Tinto shareholders will vote on the proposal by London-based hedge fund Palliser Capital and more than 100 other shareholders at the annual general meeting of the world's largest iron ore company on Thursday.
Norges Bank, the world's largest sovereign wealth fund, is the seventh-largest shareholder in London-listed Rio Tinto Plc with a 2.51% stake, according to data compiled by LSEG.
In February, Rio Tinto recommended that its shareholders vote against the resolution.
"Unification of the dual listed company (DLC) structure is not required to provide strategic flexibility to the group," the company said in March, following a comprehensive review of the structure.