Norway’s Sovereign-Wealth Fund to Shed Caterpillar Stake Amid Humanitarian Risks
The nearly $2 trillion wealth fund will also sell its holdings in five Israeli banks. Norway’s sovereign-wealth fund, the largest in the world, said it decided to sell its holdings in U.S. construction company Caterpillar and five Israeli banks. Norges Bank Investment Management—which manages the nearly $2 trillion wealth fund—said Monday that it made the decision because of risks the companies might be contributing to serious violations of human rights in situations of war and conflict. The move comes aft...Read more:
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