State investment fund pulls out of Israeli companies operating in illegal settlements

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 61 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 98%

National-Treasury-Management-Agency Nouvelles

Ireland-Strategic-Investment-Fund,Israel,Palestine

NTMA says value of funds in six companies is under €3m and and says it will keep other investments in region ‘under review’

'ISIF has determined that the risk profile of these investments is no longer within its investment parameters,' Minister for Finance Michael McGrath said. Photograph: Dara Mac Dónaill

The State-owned Ireland Strategic Investment Fund will divest itself of shareholdings in a number of Israeli companies that have activities in the Occupied Palestinian Territories, citing the “risk profile” of the investments which are valued at just under €3 million. The fund, which is operated by the National Treasury Management Agency , will also review other investments in the region to ensure they align with the fund’s investment parameters and objectives, Minister for Finance Michael McGrath said on Friday.

The decision relates to ISIF’s investments in six companies that have activities in the Occupied Territories: Bank Hapoalim BM; Bank Leumi-le Israel BM; Israel Discount Bank; Mizrahi Tefahot Bank Ltd; First International Bank and Rami Levi CN Stores. “I have been advised by the NTMA that it has decided to divest from certain ISIF global portfolio investments in companies that have certain activities in the Occupied Palestinian Territory,” Minister McGrath said in a statement. “ISIF has determined that the risk profile of these investments is no longer within its investment parameters and that the commercial objectives of these investments can be achieved via other investments.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bill to ban State investment in illegal Israeli settlements could see Ireland become ‘international outlier’Sinn Féin has proposed Illegal Israeli Settlements Divestment Bill 2023 to compel Ireland Strategic Investment Fund to divest assets in firms operating in settlements
La source: IrishTimes - 🏆 3. / 98 Lire la suite »