Rochester,NY 8/25/2009 12:18:11 AM
BlackRock, Inc. BLK, divests from Africa-Israel
BlackRock, Inc.
BlackRock has reportedly succumbed to pressure from Scandinavian banks over West Bank construction.
UK investment bank BlackRock, part of the global investment bank BlackRock Inc. (NYSE: BLK) sold all its shares in Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) between June and August following pressure from three Scandinavian banks over construction in West Bank settlements. Africa-Israel, controlled by chairman Lev Leviev, is involved in construction activities in the West Bank including at Ma'aleh Adumim near Jerusalem.
In the past BlackRock was Africa-Israel's second largest party at interest.
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