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Blacklisted: Norway to reassess sovereign fund's ties to Israeli defense firms

image sourced from original article at https://www.ynetnews.com/article/rkwosoj00lg

Norway's Prime Minister Jonas Gahr Støre has expressed concern over the country's sovereign wealth fund increasing its investment in Israeli defense company Beit Shemesh. The fund, managed by Norges Bank Investment Management, raised its stake in the company from 1.3 percent in 2023 to just over 2 percent by the end of 2024, amounting to more than fifteen million dollars in shares. Støre stated that the situation requires clarification, as recent reports about the investment have caused him discomfort. The government is now set to reassess the fund's ties to Israeli defense firms.

Original article source: https://www.ynetnews.com/article/rkwosoj00lg
Source Id: 8802175153

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