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LUKOY PJSC Lukoil (CE)

6.96
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
PJSC Lukoil (CE) USOTC:LUKOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 6.96 0.00 01:00:00

Norway's KLP to Divest From Russia

01/03/2022 9:30am

Dow Jones News


PJSC Lukoil (CE) (USOTC:LUKOY)
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By Maitane Sardon

 

Norwegian pension provider KLP said it would exclude Russia from its investment portfolios, joining other Western companies in severing ties with the country over its invasion of Ukraine.

KLP said Monday the divestment, which has a value of just under 500 million Norwegian kroner ($56.7 million), will affect 22 Russian companies, including Rosneft, Gazprom and Lukoil.

KLP--Norway's largest pension company--said the companies' operations contribute to the violation of its guidelines based on a combination of country, sector and company risk.

"KLP does not wish to contribute directly or indirectly to serious violations of the rights of individuals in situations of war and conflict," the company said.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

March 01, 2022 04:15 ET (09:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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