Tuesday, August 24, 2010

Norway Oil Fund Drops Two Israeli Firms


Al-Manar

"24/08/2010 Norway’s 450 billion euro oil-riches fund has excluded two Israeli firms involved in developing settlements, as well as a Malaysian forestry firm, on ethical grounds, Norway’s finance ministry said on Monday. The excluded companies are Africa Israel Investments and its engineering subsidiary Danya Cebus, both of which are controlled by energy and real estate magnate Lev Leviev. The Malaysian firm is Samling Global.

The ministry said that the oil fund, which is essentially a form of pension fund, has already sold all its holdings in these companies....."

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