- June 22, 2021
- Posted by: Stratford Team
- Category: Business
A general view of a container terminal is seen at Mundra Port, one of the ports handled by India’s Adani Ports and Special Economic Zone Ltd, in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave
OSLO, June 22 (Reuters) – Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited (APSE.NS) on the grounds the company’s links with the Myanmar military breach the fund’s responsible investment policy, KLP said on Tuesday.
Adani Ports, India’s largest port operator, has been under scrutiny from international investors over its project to build a container terminal in the city of Yangon on land leased from a Myanmar military-owned conglomerate.
A military coup in Myanmar on Feb. 1 and an ensuing crackdown on mass protests in which hundreds have been killed has drawn international condemnation and sanctions on military figures and military-controlled entities.
“Adani’s operations in Myanmar and its business…
