Nordic banks secure financing for blacklisted oil firm

The company is not directly involved in oil production, Danske Bank claims.

BW Offshore is excluded from Danske Bank's investment universe. | Photo: Jens Hartmann

Danske Bank has made a bond issue for the oil company BW Offshore. A company that is on the bank’s blacklist that it will not invest in, Danish whistleblower media Danwatch and broadsheet Politiken report.

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Nordic banks secure financing for blacklisted oil firm

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Danske Bank finances fossil fuel companies on its own blacklist

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Sign up for our newsletter

Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

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Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

World's best EMD team still waiting for clients to return to Danske AM

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

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Eight Nordic managers move up in global top 500 ranking