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State Funds Drop Unilever After Ben & Jerry’s Israel Clash

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Two months after Ben & Jerry’s talked about it would stop retailing its products in Jewish settlements located throughout the Israeli-occupied West Monetary establishment, various state funds are selling or threatening to advertise their investments in Unilever PLC, the ice cream mannequin’s mum or dad agency.

The New Jersey Division of Funding, which manages various state pension funds, talked about this week it deliberate to advertise $182 million of shares, bonds and completely different securities linked to Unilever, accusing the company of breaking state authorized tips that prohibit the boycott of Israel. It didn’t give a time frame for the sale, and Unilever can attraction the selection.

https://www.wsj.com/articles/state-funds-drop-unilever-after-ben-jerrys-israel-clash-11631903926?mod=pls_whats_news_us_business_f | State Funds Drop Unilever After Ben & Jerry’s Israel Battle

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