Jun 15, 2011

#BDS Victories: #Dexia bank to sell Israeli subsidiary; #Veolia loses another contract

"Just six weeks after French-Belgian bank Dexia gave notice that it was looking for a buyer for its Israeli subsidiary company, the Israeli business news website Globes reported on 15 May that the bank will sell off its 65 percent stake in Dexia-Israel (established in 2001) “by the end of the summer,” even as the parent company faces a loss with its sale. 
This news comes as a victory to the boycott, divestment and sanctions (BDS) movement. For two years, BDS activists in Belgium and the Netherlands — along with solidarity groups in France, Turkey and and Luxembourg — sustained a campaign against Dexia after it was revealed that the bank provided long-term loans to illegal Israeli settlements in the occupied West Bank. Who Profits, a project of the Coalition of Women for Peace,publicized Dexia’s role in financing the Israeli settlement industry. "
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