"I have been advised by the National Treasury Management Agency that it has decided to divest from certain ISIF global portfolio investments in companies that have certain activities in the Occupied Palestinian Territory," McGrath said. / Photo: AFP
The Ireland Strategic Investment Fund , which invests at home to support economic growth but also holds a portfolio of liquid international assets, has come under pressure from the main opposition party, Sinn Fein, to divest the assets. It will sell shareholdings totalling 2.95 million euros in Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank, Mizrahi Tefahot Bank Ltd, First International Bank and Rami Levi CN Stores, one of Israel's leading supermarket chains.
The world's largest sovereign wealth fund, Norway's $1.6 trillion fund, has over the years divested from nine Israeli companies over activities in the occupied Palestinian territories.