French company completes withdrawal from Israel

29-08-2015 13:42



French multinational company Veolia has sold all its last holdings in the Jerusalem Light Rail (JLR), thus completing its withdrawal from the Israeli market.


The news is being welcomed as an important victory by activists in the Palestinian-led Boycott, Divestment, and Sanctions (BDS) campaign, for whom Veolia has been a major target.


According to Who Profits, a research centre which documents and monitors companies doing business in the Israeli-occupied West Bank and Gaza Strip, the sale of Veolia’s holdings in the JLR was completed earlier this month.


Over the years, the operations of Veolia’s Israeli subsidiaries beyond the 1967 ‘Green Line’ included “the provision of public bus services to Israeli settlements in the West Bank, the operation of a landfill in the occupied Jordan Valley, wastewater treatment facility for settlements’ sewage.”

Topics : #BDS #Boycott of Israel #Pro-Palestine group #IllegalSettlements #FrenchCompany

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