After Norway Divests, Israeli Telecom Stock Soars

Plus, Soros, Rockefeller Brothers, Omidyar fund the Wall Street Journal's “independent” source.

In early December 2024 the Norwegian government pension fund announced it would divest from Bezeq The Israeli Telecommunication Corp Ltd “due to an unacceptable risk that the company contributes to serious violations of the rights of individuals in situations of war and conflict.”

As of June 2024, the Norwegian fund had owned 0.76 per cent of the company’s shares, worth NOK 252 million (about $22.5 million at current exchange rates). On December 3, when the Norges Bank Executive Board announced the divestment decision, BEZQ.TA closed at $538, according to Yahoo Finance. Today it closed at $601.60. By selling, the Norwegians missed out on an 11.8 percent gain in about two months.