Netherland's largest pension fund, Algemeen Burgerlijk, or ABP, says it has divested of its...

|By:, SA News Editor

Netherland's largest pension fund, Algemeen Burgerlijk, or ABP, says it has divested of its stakes in Wal-Mart (WMT +1.2%) and PetroChina (PTR +5.4%) and blacklisted both companies because of their non-compliance with UN Global Compact principles. Neither company appears the worse for the move, with Wal-Mart even hitting a 52-week high.