The CEO of Norway’s sovereign wealth fund, Nicolai Tangen, says the fund has sold its shares in Israel’s Bet Shemesh Engines Holdings, which makes engine parts for Israeli fighter jets deployed in the war on Gaza.
Tangen made the comments at a news conference a day after the fund announced it was divesting from 11 of the 61 Israeli companies it holds stakes in.
The fund didn’t initially confirm which companies it was divesting from, but its holdings in Bet Shemesh had come under recent scrutiny after they were revealed by Norwegian newspaper Aftenposten.
Deputy CEO Trond Grande also told reporters that the fund is planning to divest from more Israeli companies as part of an ongoing review due to the situation in Gaza and the occupied West Bank.
Source: AlJazeera
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