"Norway's $450 billion oil fund has excluded two Israeli firms involved in developing settlements and one Malaysian forestry firm on ethical grounds, Norway's finance ministry said on Monday.
The excluded companies are Africa Israel Investments (AFIL01.TA), Danya Cebus Ltd and Samling Global Ltd (3938.HK). The ministry said that the oil fund has already sold all its holdings in these companies.
The central bank-managed fund follows ethical guidelines set by the government and does not invest in companies that produce nuclear weapons or cluster munitions, damage the environment or abuse workers' rights."
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