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Norway’s sovereign wealth fund sells its shares in 11 Israeli firms

Euronews · Recent
Euronews
Euronews
Recent

The fund held stock in 61 Israeli companies at the end of June this year, although public pressure to terminate the contracts has been mounting.

Breakdown
  • Norway's sovereign wealth fund sold shares in 11 Israeli companies due to concerns over Gaza.
  • The divested firms were not part of the Norwegian Finance Ministry's equity benchmark index. 23s
  • The fund will end relationships with external managers for Israeli investments and manage them in-house. 27s
  • Management cited the humanitarian crisis in Gaza as the reason for the decision. 38s
  • The fund plans to strengthen due diligence and increase monitoring of Israeli investments. 1m 11s
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