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Denmark university to halt investment in companies in West Bank amid student protests
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Denmark university to halt investment in companies in West Bank amid student protests
May 28, 2024 7:36 AM

By Isabelle Yr Carlsson

COPENHAGEN, May 28 (Reuters) - The University of

Copenhagen said on Tuesday it would halt investment in companies

that do business in the occupied West Bank amid student protests

pressuring the campus to cut financial and institutional ties

with Israel.

Hundreds of students began campus protests in early May to

express their opposition to Israel's operations in Gaza that

were triggered by deadly attacks by Hamas militants in Israel on

Oct. 7. The students have demanded that the university cuts

academic ties with Israel and divests from companies operating

in occupied Palestinian territories.

The university will, as of May 29, divest its holdings worth

a total of about 1 million Danish crowns ($145,810) in Airbnb ( ABNB )

, Booking.com and eDreams, it said in

a post on social media platform X.

The university said it would work with fund managers to

manage its investments and ensure they comply with a United

Nations list of companies involved in illegal Israeli

settlements in the West Bank.

The University of Copenhagen has a yearly revenue of over 10

billion crowns, some of which is invested in bonds and equities.

Israel captured territories in the West Bank, east Jerusalem

and the Gaza Strip after winning a 1967 war with neighboring

Arab states.

($1 = 6.8582 Danish crowns)

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