The Sovereign Fund of Saudi Arabia, the Public Investment Fund (PIF), continues to divest its shares in Nintendo. As noted by Bloomberg, the share controlled by the fund in Nintendo recently decreased to 6.3%.
Mario & Luigi: Brothership
The identity of the buyer and the reason for the sale by PIF remain unknown.
This is not the first time in recent months that PIF has sold Nintendo shares. As of mid-August, it owned 8.58% of the Japanese company’s securities. By October, its stake was reduced to 7.54%.
Despite the sale, PIF remains one of the largest shareholders of Nintendo.