The Rose City will not purchase Walmart holdings as five bonds in the current portfolio mature.
Commissioner Steve Novick has led the drive to eliminate the retailer from city treasury holdings. The Portland City Council adopted socially responsible investment principles last October.
The final Walmart bond among the five the city currently holds will expire in April 2016. At that point, the city will have eliminated $36 million worth of investments in the company, according to a release.
Read more at Portland Business Journal