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Israel summons Dutch official over divestment decision.

Global Banking News-January 13, 2014--Israel summons Dutch official over divestment decision

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Global Banking News - 13 January 2014

A decision by Dutch pension asset manager, PGCM, to divest from Israeli banks has led to officials in the country being summoned to 'clarify' their decision.

The Dutch ambassador was told that the decision was 'unacceptable and relies on false pretence' and that such steps 'only wreak damage to the relations between Israel and the Netherlands'.

The Dutch prime minister said however that PGCM's decision was its own and had nothing to do with the government.

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Publication:Global Banking News (GBN)
Geographic Code:7ISRA
Date:Jan 13, 2014
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