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02.08.2009, The Local

A German Catholic bank has apologised to investors and promised to sell its shares in a contraception producer, a weapons firm and tobacco companies.

Director of the Cologne-based Pax Bank, Winfried Hinzen told the city’s Domradio, “We want to apologise to our customers that this mistake has happened," according to a report in Sunday's Frankfurter Allgemeine Zeitung.