Jun 19, 2012

#BDS: #Norway’s pension fund divests from #Israel’s largest real estate firm

"Norway’s finance ministry has excluded Shikun & Binui from the Government Pension Fund Global (GPFG), the largest pension fund in Europe, over its construction of illegal Israeli colonies in East Jerusalem. Analysts have described the company as Israel’s largest real estate business. 

The Norwegian government has previously divested from Israeli military company Elbit, as well as Africa Israel Investments and Danya Cebus, two other construction companies involved in building illegal settlements. The two divestment announcements followed large international campaigns. The human rights organization Adalah-NY has recentlyunveiled evidence that Africa Israel continues to construct illegal settlements despite its reassurances to the Norwegian government and others to the contrary."
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