Euronext has been authorised by the Norwegian Ministry of Finance to take a 100% stake in Oslo Børs VPS, which runs the Oslo Stock Exchange. In light of this, KLP has decided to sell its 10% interest in Oslo Børs VPS to the Dutch-French stock market operator for NOK 158 per share, in addition to a fixed interest payment of NOK 3.21 per share.
KLP has decided to exclude four companies that derive more than 30% of their revenues from coal or coal-based activities. In addition, KLP is including two companies given that the oil exploration they were involved in off the coast of Western Sahara has ceased.
Norway’s largest pension fund, KLP (US$80 billion AuM) is selling out of companies that derive their turnover or activity from alcohol and gambling. Pornography is also added to the list although KLP was not invested in such companies.