Norway wealth fund has sold its stakes in Adani companies
Norway’s sovereign wealth fund has sold its stakes in three Adani Group companies worth just over $200 million since the start of the year, the world’s largest stock investor said on Thursday.
The $1.35 trillion fund at the end of 2022 held stakes in Adani Total Gas, Adani Ports & Special Economic Zone and Adani Green Energy.
“Since year-end, we have further reduced in Adani companies. We have no exposure left,” Christopher Wright, the fund’s head of ESG risk monitoring, told a news conference.
“We have monitored Adani for many years (on ESG) issues, many on their handling of environmental risks,” he said.
