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Swedish funds divest from Motorola over Israeli settlements

It is the first time the state pension funds have sold holdings in a US firm for reasons connected to settlements in the West Bank

Swedish funds divest from Motorola over Israeli settlements

Motorola Solutions, a telecoms equipment group spun out of the former mobile phone maker, has become the latest company to be hit by some big European pension funds’ ongoing drive to sell out of companies involved in Israel’s occupied territories in the West Bank.

The four Swedish state pension funds, which control Skr1.2 trillion ($138 billion) between them, have opted to sell out of the US company following a recommendation from their joint ethics council, according to a statement from the funds today that accompanied the council's annual report.

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