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Barclays sells all shares in Israeli weapons firm Elbit amid pro-Palestinian pressure
31 October 2024 13:57 GMT
British banking giant Barclays has sold all of its shareholdings in Israel’s largest weapons company Elbit Systems Ltd.
According to Palestine Action, a British activist group that has been protesting against the bank's investments in Israel, Barclays has until recently owned over 16,000 shares in Elbit Systems.
In the latest US Securities and Exchange Commission (SEC) filings, Barclays owned zero shares in Elbit Systems Ltd (ELST), down 16,345 since the previous filing, dated 15 May 2024, worth over $3.4m.
"The most recent SEC filings and NASDAQ data record an immediate total sale of Barclays’ ELST shares, abruptly sold just when Palestine Action’s campaign hit them hardest," Palestine Action said.
Read more: Barclays sells all shares in Israeli weapons firm Elbit amid pro-Palestinian pressure
