MSNBC is reporting that activists may have secured their first major victory as Fidelity Investments recently sold the majority of its US holdings in PetroChina.
Fidelity, the world’s largest mutual funds company, announced in a filing in the US that it had sold 91 per cent of its American Depositary Receipts in PetroChina in the first quarter of this year.
PetroChina is one of the Chinese based petroleum companies who are currently operating in Sudan.