Norway’s sovereign wealth to sell Caterpillar stake over Israel allegations
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Norway's $2T sovereign wealth fund announced it will divest its 1.2% stake in Caterpillar (NYSE:CAT), valued at $2.4B, due to allegations of the company's bulldozers being used by Israel for unlawful destruction of Palestinian property. This decision follows a recommendation from the Norwegian Council on Ethics, marking Caterpillar as the first major U.S. company excluded in a review of investments related to international humanitarian law violations. Despite this, Israel's stock market has seen significant inflows and growth this year.
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