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Pension giants exclude company with business in Myanmar

Adani Ports is being excluded by both Storebrand and KLP for its ties to the Myanmar military.

A demonstration in Yangoon, Myanmar in June 2021. | Photo: AP

According to Norwegian media E24, KLP is divesting and excluding Adani Ports due to the company's "operations in Myanmar and business collaborations with the country's military".

Kamil Zabielski, head of sustainable investments at Storebrand, confirms that they have also excluded Adani Ports.

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