Security firm G4S: Israel pullout for "commercial" reasons
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Security company G4S says it is selling its business in Israel for "commercial reasons" and not because of a boycott movement against Israel.
While announcing its 2015 results Wednesday, G4S said it was selling its business interests in Israel as part of a portfolio review that will see the sale of some 60 other businesses as well.
The company has been the target of a years-long campaign by activists calling for boycott, divestment and sanctions against Israel. G4S provides security equipment and has contracts with Israel's prison system. It employs 8,000 people in Israel.
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The BDS campaign says G4S's pullout was a result of its pressure on the company.
G4S spokesman Nigel Fairbrass says Thursday the decision to sell its business in Israel was "entirely" for commercial reasons.