SWF stakes should be limited: SNB's Hildebrand

Sovereign wealth funds' stakes in foreign companies must be significantly below the threshold of a controlling minority to avoid a resurgence of state ownership, said Philipp Hildebrand, the vice chairman of the Swiss National Bank.

"It is not just a matter of pre-empting majority stakes of sovereign wealth funds in foreign companies. "Cross-border nationalisation" of private companies is simply the most extreme version of a broader unwelcome trend," Hildebrand said on Tuesday. "For this reason

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