G4S is close to selling its Israeli business following years of pressure from pro-Palestinian activists.
The UK security group is in advanced talks to sell the unit FIMI Opportunity Funds, a private equity group, for $100m. The division employs 8,000 people and supplies security services to the Israeli government, private companies and 35,000 individuals.
Pro-Palestinian campaigners, led by the “Boycott, Divestment and Sanctions” (BDS), are expected to welcome the move.
G4S has in recent years been a high-profile target for BDS campaigners because it offers services and equipment to Israeli prisons, including Ofer Prison in the occupied West Bank. G4S’s shareholder meetings have been disrupted by pro-Palestinian activists.more