REUTERS: University of Wisconsin Di

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Subject: REUTERS: University of Wisconsin Divests Texaco Stake

University of Wisconsin Divests Texaco Stake

NEW YORK, May 12 (Reuter) - The University of Wisconsin is to sell the 
11,000 shares it owns in Texaco Inc because of the oil major's 
participation in a natural gas concession in the Andaman Sea, 125 miles 
off the Burmese coast.

"Divestment from Texaco is consistent with the current investment policy 
of striking a balance between getting financial returns and respecting 
ethics," Jonathan Barry of the university's board of Regents, its 
governing body, said in a statement.

Texaco holds its annual shareholder meeting on Tuesday and minority 
rights groups, environmental and human rights campaigners have said they 
will target the oil company.

Texaco had some 260 million ordinary shares at the end of the first 
quarter of 1997.

Monday May 12 10:57 AM EDT