Norway sovereign wealth fund excludes AviChina, Bharat Electronics

AviChina Industry & Technology Co

24/01/2023 21:19

OSLO, Jan 24 (Reuters) - Norway's sovereign wealth fund,
the world's largest, said on Tuesday it has excluded China's
AviChina  2357.HK  and India's Bharat Electronics  BAJE.NS  from
its portfolio.
    The two were excluded due to "unacceptable risk that (the)
companies are selling weapons to a state that uses these weapons
in ways that constitute serious and systematic breaches of
international rules on conduct of hostilities," the fund said.
    "The background for the decision is sales of light airplanes
and other military material respectively to the military in
Myanmar," Norges Bank Investment Management said.
 (Reporting by Terje Solsvik
Editing by Chris Reese)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))