US EditionNorway's Sovereign Wealth Fund Sells Its Shares in 11 Israeli Companies
NORWAY, AUG 11 – Norway's $2 trillion fund divested stakes in 11 Israeli firms linked to military support amid Gaza conflict, following media revelations and activist pressure, it said in a statement.
- On Monday, Norway’s sovereign wealth fund, the world’s largest, announced it sold investments in 11 Israeli companies and terminated all asset manager contracts.
- Amid press scrutiny, Aftenposten revealed a stake in Bet Shemesh Engines Ltd, prompting Prime Minister Jonas Gahr Store to ask Finance Minister Jens Stoltenberg for a review.
- According to NBIM’s records, as of June 30, the fund held stakes in 61 Israeli companies and moved all externally managed Israeli investments in-house.
- Confirming the divestment, NBIM said “We have now completely sold out of these positions” and that the review will enhance due diligence.
- Several of Europe’s biggest financial firms have cut ties to Israeli companies, and UN rapporteur Francesca Albanese called for an arms embargo over an 'economy of genocide'.
35 Articles
35 Articles
Norway’s Oil Fund Divests From 11 Israeli Companies Over Gaza
Norway’s sovereign wealth fund, known as the Oil Fund, has sold its shares in 11 Israeli companies due to the ongoing war in Gaza, according to a statement from the Norwegian central bank. “This action is being taken in an extraordinary conflict situation,” said fund CEO Nicolai Tangen. “The situation in Gaza is a serious humanitarian crisis. We are invested in companies operating in a country at war, and conditions in both the West Bank and Gaz…
The Norwegian Sovereign Fund, the world's most important, announced in months that it sells its shares to 11 Israeli companies after information on its participation in an Israeli engine manufacturer has been received from...
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The Hamilton SpectatorNorway’s sovereign wealth fund sells its shares in 11 Israeli companies
OSLO, Norway (AP) — Norway's sovereign wealth fund has sold its shares in 11 Israeli companies, its managers said Monday, a move they said reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza.
Norway's sovereign wealth fund sells its shares in 11 Israeli companies
OSLO, Norway (AP) — Norway’s sovereign wealth fund has sold its shares in 11 Israeli companies, its managers said Monday, a move they said reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza. The management of the fund, which invests Norway’s profits from oil and gas, said in a statement that it had investments in 61 Israeli companies at the end of this year’s first half. It said it decided last …
After revelations about his participation in companies involved in the war in Gaza, the world's largest sovereign wealth fund announced this Monday, August 11, that he was disengaged massively in Israel.
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