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Norway's $700 bln oil fund lifts investment bans on several firms
January 11, 2013 / 11:15 AM / 5 years ago

Norway's $700 bln oil fund lifts investment bans on several firms

OSLO, Jan 11 (Reuters) - Norway’s government will no longer ban its $700 billion oil fund from investing in several companies after concluding a review of their operations, the Finance Ministry said on Friday.

The government lifted its investment ban on BAE Systems Plc , Finmeccanica S.p.A, and FMC Corporation .

It also took Germany’s Siemens AG off its list of companies that could be excluded in the future after the company demonstrated zero tolerance to corruption, it said in a statement.

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