BBD Found No Evidence MONTREAL, March 8 (Reuters) - Canadian business jet maker Bombardier said on Tuesday it found no evidence of wrongdoing based on information currently known by the company, after Norway's sovereign wealth fund put it on a watch list for possible exclusion from investment due to ethical concerns.
Norges Bank, which manages the fund, said in a statement on Monday it placed the Canadian company on the list due to "the unacceptable risk that it contributes to or is responsible for gross corruption."
The fund has a 1.2% stake in the Canadian company, according to Refinitiv data.
Bombardier shares jumped nearly 15% on Tuesday, after falling 16% on Monday.