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Malaysia’s national pension fund now ranks 11th globally following a period of robust growth in asset management and equity market gains.

The national provident fund has raised its direct stake in the plantation giant to 17.645 percent following a series of market purchases.

Malaysia’s national pension fund joins the founding family in a potential move to take the energy infrastructure firm private.

The national retirement fund has strengthened its position in the banking group by acquiring over nine million shares.
