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BlackRock does not wish to explain

Author: Erik Hagen, Norwatch, Published on: 27 August 2009

Norwatch wrote last week that the British fiduciary BlackRock had sold its investments...[in] Africa-Israel Investments, who participate in the building of the settlement Ma'aleh Adumim...Through the...banks Storebrand, Danica Pensjon and Skandiabanken, even Norwegian investors could participate in the British fund. But after the three banks made contact with BlackRock, the fiduciary has announced that they do not longer invest in the firm...something in this description is wrong, according to BlackRock...but it is not identified exactly what in the story is misleading..."The allegations made are untrue, as a fiduciary, we always act in the best interests of our clients...”, Emma Phillips, Vice President Corporate Communications, wrote in an email to Norwatch. But it is not possible to ascertain exactly what they believe is wrong.

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Related companies: Africa Israel BlackRock Lev Leviev Group Storebrand