Europe’s Largest Pension Fund Divests Caterpillar Shares

Europe’s biggest pension fund sold its equity stake in Caterpillar Inc. amid backlash about the heavy-equipment maker’s links to Israel’s war in Gaza.

ABP, which is based in the Netherlands, divested its holding of Caterpillar shares, but still had investments in the company’s bonds as of June 30, a spokesperson said, declining to be more specific. The pension fund recently held shares worth €387 million ($455 million) in Caterpillar, Dutch public broadcaster NOSreported.

“We can’t and we won’t ignore the many questions we receive about the war raging in Gaza,” ABP said in a statement on Wednesday, outlining ...