Norway SWF Puts ZTE Corp on the Blacklist

Norway’s Government Pension Fund Global (GPFG) has divested its ownership interests in ZTE Corporation over concerns regarding gross corruption. Other companies on the blacklist include Textron, Raytheon, Altria Group, Airbus Group, Wal-Mart Stores and Rio Tinto. ZTE Corp. is China’s largest manufacturer of telecommunications equipment and network solutions.

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