Report and statement indicate that TIAA-CREF has divested from Africa-Israel

Author: Adalah-NY , Published on: 11 September 2009

[Financial services and retirement firm] TIAA-CREF confirmed in statements…today that it divested from Africa-Israel earlier this year. The statements responded to a letter initiated by Adalah-NY and signed by TIAA-CREF clients calling on TIAA-CREF to divest from Africa-Israel, owned by Lev Leviev…Despite the recent divestment…the new…TIAA-CREF report indicates that the fund continues to invest clients' money in a number of companies supporting Israeli settlement activity including Israel Discount Bank, Cellcom Israel, Bezeq Israeli Telecommunications Corp, Bank Leumi, and Motorola, among others. Leviev’s companies have been [targeted]…in reaction to their settlement construction and their involvement in human rights abuses…

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Related companies: Africa Israel Bezeq Israel Discount Bank Leumi Lev Leviev Group Motorola TIAA-CREF