AP2, the second fund of the Swedish state pension system, has joined Norway's state fund in selling its holdings in US retailer Wal-Mart, citing human rights concerns.

The Skr194.8bn (€20.8bn) Swedish fund said it had been trying to influence Wal-Mart to change its practices since 2003, but the "company has failed to indicate any change in its attitude to employee rights".

Mark Cobley

Wal-Mart

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AP2 dumps Wal-Mart holding

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