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More Danish pension companies to drop Russian investments

P+, PBU and Pensiondanmark are taking a stricter approach to investments in Russian assets after Russia resumed its invasion of Ukraine on Tuesday.

Photo: KACPER PEMPEL/REUTERS / X02307

Over the past few weeks, Pensiondanmark has divested its holdings of Russian government bonds, and the pension fund also plans to drop Russian companies heavily influenced by the state, Danish financial daily Børsen reports.

P+ and PBU have also chosen to sell their Russian government bonds, and Danica is in dialog with its external managers over how to handle its Russian assets.

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