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InvestmentsNew York pension fund to divest $104 million stake in Unilever By...

New York pension fund to divest $104 million stake in Unilever By Reuters

¬© Reuters. FILE PHOTO: A fridge bearing the Ben & Jerry’s brand is seen at a meals retailer in the Jewish settlement of Efrat in the Israeli-occupied West Bank July 20, 2021. REUTERS/Ronen Zvulun

BOSTON (Reuters) – Officials of New York’s state pension fund on Thursday stated it is going to divest its holdings in Unilever (NYSE:) Plc in response to gross sales restrictions imposed by the corporate’s Ben & Jerry’s ice cream model in the Israeli-occupied Palestinian territories.

In a press release despatched by a spokesman, New York State Comptroller Thomas DiNapoli stated a overview discovered the corporate and its subsidiary “engaged in BDS activities,” referring to the “Boycott Divestment Sanctions” motion that seeks to isolate Israel over its therapy of the Palestinians.

The New York State Common Retirement Fund had Unilever shares valued at $103.6 million as of Sept. 30, in accordance to the assertion.

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