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MP Pension adds 14 more countries to blacklist

Danish pension fund MP Pension is almost doubling the number of countries it refuses to invest in, with Saudi Arabia among the nations on its lengthy blacklist, according to Berlingske Business.

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Fourteen more countries have been removed from the universe of countries MP Pension is prepared to invest in. The move means that DKK 400 million (EUR 53.6 million) of the labour-market pension fund's investment will be redistributed geographically, writes Danish business daily, Berlingske Business.

In total, MP's blacklist which now includes 30 countries. Among them is Saudi Arabia, which is in systematic violation of human rights, according to MP. The blacklisting means that MP has suspended its investments in government bonds and in companies controlled by rogue nations.

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