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Sovereign Wealth Funds Briefing - Categorized | Investment, People

Norway’s oil fund excludes billionaire Slim’s Grupo Carso

Posted on 25 August 2011

Norway’s sovereign wealth fund excluded Grupo Carso SAB de CV, a company controlled by Mexican billionaire Carlos Slim, from its portfolio because of its involvement in tobacco production.
The $540 billion fund, built from Norway’s oil and natural gas wealth, sold its shares in the company because of its ownership in Compania Mercantil de Productos de Tabaco SA de CV and Philip Morris Mexico SA de CV, the Oslo-based Finance Ministry said………………………………………Full Article: Source


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