
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, June 21, 1990                   TAG: 9006210457
SECTION: VIRGINIA                    PAGE: B6   EDITION: EVENING 
SOURCE: 
DATELINE: NORFOLK                                LENGTH: Short

ODU TO SELL S. AFRICAN HOLDINGS

The Old Dominion University Board of Visitors voted unanimously Wednesday to sell $269,000 worth of stock in companies doing business in South Africa.

"This action is intended to be a good-faith effort in compliance with the governor's directive," said Richard F. Berry III, the board's rector. The board said the divestment would be completed within three months.

ODU became the fourth state university to follow Gov. Douglas Wilder's order last month to state agencies and institutions to sell South African-linked holdings to protest that country's racial segregation.

The Virginia Military Institute Board of Visitors voted to sell about $9 million in investments and the University of Virginia board agreed to sell $14.7 in holdings.

The College of William and Mary has taken administrative steps to sell about $1.5 million in stocks when it is advantageous to the school's portfolio.

- Associated Press

by CNB