MILAN – The sovereign wealth fund of Norway, considered among the richest in the world with 850 billion in assets, has decided to sue in court for the Volkswagen the heavy losses reported as a shareholder of Volkswagen home to the so-called ‘dieselgate “: the scandal broke out in the US on the units’ bootleg’ installed on diesel cars to reduce emissions of harmful gases during the test. This was announced to Financial Times Peter Johnsen, to the Norges Bank Investment Management: “We have been advised by our lawyers that the conduct of the company provides us with elements to seek compensation according to German law. As investors and it is our responsibility to safeguard our investment in Volkswagen. “The Norwegian fund is the fourth shareholder in the Wolfsburg home with the 1.64% of the capital. The Norwegian fund is added to a long series of shareholders intend to sue Volkswagen after the latter admitted that he had installed illegal software on 11 million units of diesel engines. Volkswagen has so far set aside 16.2 billion euro to face the penalties imposed by the different state authorities and to the causes as well as recall costs of the car to be the month under. Figure that led to the company to close in deficit for the first time since 1993.
- Topics:
- dieselgate
- sovereign fund norway
- Starring:
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