Norway Ends Israeli Investment Contracts Over Gaza and West Bank Concerns
11 Companies Out, More Under Review
The fund, which had stakes in 61 Israeli companies as of June 30, recently sold off shares in 11 of them. It didn't name names, but confirmed: 'We have now completely sold out of these positions.' The remaining Israeli investments will be managed in-house, not by external managers.
Stricter Rules Ahead
From now on, the fund will only keep Israeli companies listed in its benchmark equity index — and even then, not all will make the cut. The review also aims to tighten due diligence for future investments.
Past Ethical Cuts
This isn't Norway's first ethical investment shake-up. Last year, the fund sold stakes in an Israeli energy company and telecom group. Its ethics panel is still reviewing whether to exit five major Israeli banks.
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