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AMSTERDAM, Jan 11 (Reuters) - ABP, the largest Dutch pension fund, said on Thursday it will sell all its remaining holdings in tobacco companies and nuclear arms manufacturers, worth roughly 3.3 billion euros ($4 bln).
ABP said in a statement that it aims to divest the holdings, which were not named, within a year.
"ABP is taking the next step in its sustainable and responsible investment policy," it said. "Participants, employers and other stakeholders have growing concerns about investments in tobacco and nuclear arms."
With assets worth roughly 400 billion euros, ABP said the decision reflected the company's new investment criteria.
ABP's head of investment policy, Erik van Houwelingen, said the investments had posed a dilemma for some time and that the decision reflected changing social perceptions and new laws and regulations. ($1 = 0.8323 euros) (Reporting by Anthony Deutsch; Editing by Susan Fenton)