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Deutsche Bank Sells Fund's Stake in Controversial Vietnamese Company

Germany’s largest bank - Deutsche Bank – announced that one of its funds has sold its stake in a controversial Vietnamese company whose land investments in Cambodia and Laos have been sharply criticized by activists. In a brief email, Deutsche Bank spokesman Michael West said the stake in Vietnam’s Hoang Anh Gia Lai Group, or HAGL, had been sold, adding that the shareholding had been in a fund managed by a third party on behalf of external investors. An earlier...

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