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Volvo partner blacklisted by Swedish pension fund

The Local
post 29.Jan.2013, 08:27 AM
Post #1
Location: Stockholm
Joined: 22.Dec.2004

Dong Feng, owners of a Chinese truckmaker in which Volvo recently purchased a 45 percent stake, has been blacklisted by a major Swedish state pension fund for allegedly violating a United Nations weapons embargo.

Sweden's Seventh AP fund, as well as Norway's oil fund, blacklisted Dong Feng because the company sold military equipment to countries currently under a UN weapons embargo, Sweden's TV4 news reported on Monday.

"They are really the wrong partner for Volvo," Anna Ek, head of the Swedish Peace and Arbitration Society (Svenska Freds- och skiljedomsföreningen) told TV4.

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post 29.Jan.2013, 06:42 PM
Post #2
Joined: 18.Aug.2009

Ok where can I buy into this deal? If these peaceniks don't like it, then it must be a great long term investment..
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