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State Funds Drop Unilever After Ben & Jerry’s Israel Clash

Two months after Ben & Jerry’s stated it might stop retailing its products in Jewish settlements situated within the Israeli-occupied West Financial institution, a number of state funds are promoting or threatening to promote their investments in Unilever PLC, the ice cream model’s guardian firm.

The New Jersey Division of Funding, which manages a number of state pension funds, stated this week it deliberate to promote $182 million of shares, bonds and different securities linked to Unilever, accusing the corporate of breaking state legal guidelines that prohibit the boycott of Israel. It didn’t give a timeframe for the sale, and Unilever can enchantment the choice.

https://www.wsj.com/articles/state-funds-drop-unilever-after-ben-jerrys-israel-clash-11631903926 | State Funds Drop Unilever After Ben & Jerry’s Israel Conflict

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