New Jersey's government worker pension fund will divest from a Danish bank that officials say is boycotting Israeli businesses.
The State Legislature in 2016 passed and then-Gov. Chris Christie, a Republican, signed a law requiring that the pension fund divest from any companies intentionally boycotting Israeli goods and services. NJ.com reports the State Association of Jewish Federations had argued last year that Danske Bank was refusing to do business with two Israeli defense companies.
Investment Division Director Chris McDonough said in December that Danske was intentionally working to limit commercial relations with Israel.
Danske spokesman Kenni Leth said the bank was not boycotting Israel or Israeli companies but had a list of companies it said "do not meet the requirements of responsible investment principles."
