Norway SWF Punishes Brazilian Company Giants Vale and Eletrobras
Posted on 05/13/2020
Norges Bank Investment Management (NBIM) oversees Norway Government Pension Fund Global. The fund’s Norges Bank’s Executive Board, on recommendation of the Ethics Council, blacklisted Brazilian mining company Vale S.A., Brazil power company Centrais Eletricas Brasileiras SA (Eletrobras), and Egypt’s ElSewedy Electric Co. Vale S.A. (formerly Companhia Vale do Rio Doce) is a Brazilian multinational corporation […]
