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Norwegian pension fund to divest gambling holdings

29th May 2019 9:24 am GMT

Norway’s largest pension company KLP has said that it will divest all investments in the alcohol and gambling industries as part of its renewed focus on positive and sustainable social development.

The investment business will divest its shareholding in any company that derives more than 5 per cent of its revenue from alcoholic beverages or gambling, meaning that it will have to sell out of 50 companies in the gambling sector.

“We manage over NOK 600 billion [...]

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