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Big row expected at Lundin AGM
Things are shaping up for a major row at Lundin Petroleum’s shareholder meeting on Thursday. Among others, Folksam is demanding an independent enquiry into the company’s actions in Sudan. The company is refusing point-blank and is supported by Första AP-fonden and AMF.
Now the struggle is being decided: Who is taking greater responsibility?
In a unique action several major shareholders in Lundin Petroleum are demanding an independent enquiry into the company’s operations in southern Sudan.
The company is exhorting them to shut up or sell up.
Gathering evidence - In the US Public prosecutor's criminal investigation into Lundin growing
The criminal investigation into Lundin Petroleum has now spread to the USA.
“I am questioning people here, says public prosecutor Magnus Elving.
At the same time a row is brewing between the major shareholders at the AGM today.
Lundin intending to put stop to Sudan enquiry
Today’s AGM of Lundin Petroleum is expected to be stormy. Folksam is demanding a review of the company’s previous activities in Sudan, but is meeting with opposition from the board and other shareholders. Among others, Första AP-fonden is intending to vote against the proposal.
Pia Gripenberg: Are the profits worth the risk of innocent people being murdered?
Lundin Petroleum is being investigated for crimes against international law in the Sudan 10 years ago. Of more immediate interest is the fact that another Lundin company – the share price skyrocketing Africa Oil – has operations in Ethiopia, which is deeply worrying as regards human rights.
Lundins arrogance annoys major shareholders
The management of Lundin Petroleum is not intending to respond to demands for an independent scrutiny of the company's earlier operations in Sudan. Several major shareholders are now preparing for a fight before Thursday's annual general meeting. They consider that the company has adopted an arrogant attitude.
Lundin and crimes against International Law
It will soon be two years since a preliminary investigation was started by district prosecutor Magnus Elving into crimes under international law in Sudan. In March the prosecutor stated in a press release that the investigation into whether Swedish companies had been accessories to crimes will take some time. How much time, he did not wish to go into.
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