Press Coverage

Press Coverage

Ha'aretz

Why stop with Elbit?

Abstract: 

The question is not why Norway divested from the defense electronics giant Elbit Systems, but why only now, and why only from that company? The country that gave the name of its capital city to what the world thought of as a peace process is still invested in companies involved in construction and development in the West Bank settlements - the principal factor in destroying any chance for peace (at least any peace other than the belligerent demand that the Palestinians say "thank you" for what Israel is willing to give them).

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Ha'aretz

Oslo pressured to dump Africa Israel as well

Abstract: 

A day after Norway announced its divestment from holdings in electronics defense company Elbit Systems for ideological reasons, human rights organizations including Adalah-NY are calling on Oslo to dump its holdings in Africa Israel Investments as well.

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Adnkronos International

Norway divests from Israeli firm over West Bank wall

Abstract: 

The Norwegian government has decided to withdraw all its investments from an Israeli defence firm because of its role in the construction of the Israeli separation wall being built in the Palestinian West Bank. "We do not wish to fund companies that so directly contribute to violations of international humanitarian law," said Norway's finance minister Kristin Halvorsen.

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Alternative Information Center

Did Leviev's Empire Succumb to Boycott?

Abstract: 

As a result of settlement construction projects, Lev Leviev's business empire came under a massive and well-coordinated worldwide boycott campaign. Although it is difficult to organize a consumer boycott on a real-estate company, because that would amount to convincing people not to live in certain areas, supporters of the Palestinian cause for justice and freedom found creative ways to apply pressure on Africa Israel.

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The Jerusalem Post

Leviev's empire is foundering

Abstract: 

Shares in Africa Israel Investments Ltd., one of Israel's largest companies, have plummeted by one-third in two days after billionaire diamond baron Lev Leviev acknowledged possible problems paying off billion of dollars in company debts.

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The Jerusalem Post

UK firm divests from Leviev company

Abstract: 

The British branch of a New York-based investment management firm has denied allegations made by a Norwegian watchdog organization that it has divested funds from a corporation owned by Israeli business magnate Lev Leviev for its involvement in settlement construction.

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Norwatch (article available at Framtiden)

BlackRock does not wish to explain

Abstract: 

The British fiduciary BlackRock refutes information from Norwatch that they divested from a West Bank firm after pressure from Norwegian investors. But the company does not wish to precise exactly what they think is wrong in the coverage.

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Globes

BlackRock denies politics played role in Africa-Israel sale

Abstract: 

UK investment firm BlackRock, part of the global investment bank BlackRock Inc. denied reports by Norwegian news service "Norwatch" that it sold its stake in Africa-Israel Investments Ltd. because of the company's activity in the West Bank. "Norwatch" claimed that BlackRock was at one time the second largest shareholder in Africa-Israel, and sold its stake because the company was building homes in Maaleh Adumim, east of Jerusalem.

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Globes

Investment bank BlackRock divests from Africa-Israel

Abstract: 

According to Norwegian news Norwegian news service "Norwatch", UK investment bank BlackRock, part of the global investment bank BlackRock Inc. sold all its shares in Africa-Israel Investments Ltd. between June and August following pressure from three Scandinavian banks over construction in West Bank settlements. Africa-Israel, controlled by chairman Lev Leviev, is involved in construction activities in the West Bank including at Ma'aleh Adumim near Jerusalem.

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