
AP7 Adds 2 Chinese Firms to Blacklist Over Large-Scale Coal Production
Three companies were removed from the list, which now totals 106 excluded companies.
Three companies were removed from the list, which now totals 106 excluded companies.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Lena Fahlén will leave Handelsbanken after more than 20 years to join AP7 in September.
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
AP7 calls Facebook abandoning C shares plan an ‘important success for minority owners.’
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.