Tuesday, 16 August 2016

G4S close to selling Israeli business reports FT

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


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