Nordic fund KLP divests from Adani Ports over links to Myanmar military


OSLO, June 22 (Reuters): Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited on the grounds the company's links with the Myanmar military breach the fund's responsible investment policy, KLP has said.

Adani Ports, India's largest port operator, has been under scrutiny from international investors over its project to build a container terminal in the city of Yangon on land leased from a Myanmar military-owned conglomerate.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

KLP , Norway , Adani Ports , Investment , Links , Norway

   

Next In Aseanplus News

Vietnam irks EU by delaying meeting ahead of possible Putin visit
Thailand’s hotel sector braces for impact of imminent wage hike
Barrier to block Mount Fuji view in Japan town delayed
WHO study reveals high trans fat levels in Indonesian food products
Chinese warships plan visit to Cambodia amid US worries
Mandopop queen A-mei back in Singapore for July concert, her only stop in South-East Asia
Iranian director Mohammad Rasoulof sentenced to 8 years in prison and flogging: lawyer
Woman, 37, charged with 56-year-old man’s murder tells court it’s ‘manslaughter’
Crime author creates a hub for detective fiction in China
Thai-Chinese high-speed railway on track to open in 2030

Others Also Read