Soros Sells His Stock In Israel’s SodaStream, Will No Longer Invest In Companies That “Sustain Israeli Occupation”…
From the king of self-hating Jews.
Via The National:
Soros Fund Management, the family office of the billionaire investor George Soros, has sold its stake in SodaStream, the soda making appliance producer that profits from the Israeli occupation of Palestinian territories and was made popular by actress Scarlett Johansson’s endorsement.
The decision comes as a number of big international investors, including the fund linked to the Microsoft founder Bill Gates, join in a burgeoning financial boycott of Israel amid a push by the boycott, divestment and sanctions (BDS) movement and other groups seeking more rights for Palestinians.
SodaStream, headquartered in the Israeli city of Lod, has its main factory in the West Bank settlement of Ma’ale Adumim.
“Soros Fund Management does not own shares of SodaStream,” Michael Vachon, a spokesman for the fund, told The National, declining to comment further on when and why it sold the shares.
In a May filing with the US markets regulator, the fund said it had bought 550,000 shares of SodaStream during the first quarter. Bloomberg reported that the fund acquired the shares for $24.3 million, with the new holding making up 0.3 per cent of the fund’s $9.3 billion stock portfolio.
“After pressure from Soros partners in the region and the world, they dropped SodaStream and promised, in private letters so far, to issue guidelines similar to those adopted by the EU to prevent any investment into companies that sustain the Israeli occupation and settlements in particular,” said Omar Barghouti, the Palestinian activist and co-founder of the BDS movement.