Sunday, May 30, 2010

Germany's Deutsche Bank divests from Israel firm linked to West Bank separation fence

Deutsche Bank, Germany's largest bank, had sold its holdings in Israeli arms firm, Army Radio reported Sunday, citing pressure by pro-Palestinian groups as the reason for the move.

Although Deutsche Bank CEO Josef Ackermann did not state the reason for the bank's divestment of the Israeli firm, the Jewish Telegraphic Agency reported that International Physicians for the Prevention of Nuclear War and Pax Christi, two groups critical of Elbit's involvement in the West Bank Separation fence, issued a joint statement Friday calling their divestiture campaign "a major success."

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