Dutch Pension Asset Manager PGGM Shuns Wal-Mart Stock

Dutch asset manager PGGM NV, which oversees more than 140 billion euros ($183 billion) in retirement savings, said it will cease investing in Wal-Mart Stores Inc. because the world’s largest retailer declined to address its concerns over labor relations in the U.S.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.