Tag: Lev Leviev

  • U.S. pension fund giant confirms divestment from Israel firm

    Ora Coren | Ha’aretz 12 September 2009 The U.S. pension fund giant, TIAA-CREF, confirmed in statements to the media on Friday that it divested from Africa Israel Investments, owned by Israeli billionaire Lev Leviev, earlier this year. The statements came in response to a letter initiated by a pro-Palestinian group, Adalah-NY, and signed by TIAA-CREF…

  • Oslo pressured to dump Africa Israel as well

    Nimrod Halpern | Ha’aretz 7 September 2009 A day after Norway announced its divestment from holdings in electronics defense company Elbit Systems for ideological reasons, human rights organizations are calling on Oslo to dump its holdings in Africa Israel Investments as well. Norway’s problem with Elbit Systems is its provision of equipment to monitor the…

  • Did Leviev’s empire succumb to boycott?

    Alternative Information Center (AIC) 2 September 2009 On 31 August 2009, Lev Leviev, the sixth richest Israeli according to Forbes Magazine, convened a press conference and announced that his company Africa Israel will be unable to meet its financial obligations and repay its debts on time. Leviev’s debt is estimated at nearly Euro 1.4 billion.…

  • Investment giant BlackRock divests from Leviev’s Africa-Israel due to Israeli settlements

    Adalah-NY 25 August 2009 In another stunning blow to Israeli settlement-builder Lev Leviev, the Israeli business magazine Globes Online has reported that BlackRock Inc., one of the world’s largest investment management firms, has divested from Leviev’s Africa-Israel Investments. The Globes article follows a similar report by the Norwegian news service Norwatch. The move comes after…

  • Africa-Israel under scrutiny for settlement construction

    Adri Nieuwhof | Electronic Intifada 22 June 2009 Africa-Israel is the latest target of a boycott campaign by Palestine solidarity activists because of the company’s involvement in the illegal Israeli settlements in the occupied West Bank. American and European financial institutions hold a substantial stake in Africa-Israel Investment, investigations reveal. Africa-Israel Investment is an international…