The sovereign wealth fund of Norway has dropped Grupo Carso from its portfolio, Bloomberg reports. The $540 billion oil fund sold its shares in the Mexican firm-controlled company due to its ownership in Compania Mercantil de Productos de Tabaco and Philip Morris Mexico.
Norway’s Government Pension Fund Global has excluded almost 50 companies after a decision by the country’s finance ministry in the wake of recommendations from the Ethics Council. The fund owned shares worth $30 million in Grupo Carso at the end of last year.
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