Settlement builder Leviev dealt divestment blow
In a 23 August article, Globes noted that BlackRock has been under pressure from three Norwegian financial institutions to remove Africa-Israel from its portfolio of funds offered to investors. Globes reports that BlackRock, once the second-largest investor in Africa-Israel, had formerly offered Africa-Israel as an investment in its BlackRock Emerging Europe fund, which the Norwegian banks in turn offered to their clients. The information manager for Skandiabanken, one of the three banks that requested that BlackRock divest from Africa-Israel, is quoted in the Globes article as saying "We have received confirmation [from] BlackRock that Africa-Israel Investments no longer is part of their portfolio. The confirmation of the divestment was sent to Skandiabanken the day before yesterday on 18 August."
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