Written answers

Wednesday, 9 April 2025

Department of Transport, Tourism and Sport

Middle East

Photo of Matt CarthyMatt Carthy (Cavan-Monaghan, Sinn Fein)
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58. To ask the Minister for Finance further to Parliamentary Question No. 98 of 2 April 2025, if he will list the eight companies in which Ireland indirectly invests €9.4 million, which derive profit from the activities in Israel's illegal settlements in the state of Palestine; and if he will make a statement on the matter. [17671/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The NTMA have informed me that the ISIF indirect holdings from year end 2023 as defined by the updated UN Database of the 30th June 2023 were as per the table below.

Security Description Pooled (Indirect)
Alstom SA € 74,907
Altice € 862,418
Booking Holdings € 691,768
Delek Group € 214,731
Expedia Group € 985,200
First International Bank € 2,184,379
Motorola Solutions € 3,924,354
Rami Levi CN Stores € 454,779
Total € 9,392,536
ISIF’s 2024 decision to divest from six companies with a total value at the time of the divestment decision of approximately €2.95m included its indirect holdings in First International Bank Ltd and Rami Levi Chain Stores Ltd.

ISIF will continue to monitor its holdings to ensure that investments are within the ISIF’s risk profile and investment parameters.

Given commercial sensitivities in respect of its investments, ISIF does not comment on individual investment decisions.

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