CRH has divested from Israel after sustained pressure from Palestine solidarity activists.
The Dublin-based company CRH confirmed that it has disposed of its Israeli assets via an official statement.
The company held 25% of the shares in Mashav, owner of Israel’s top cement manufacturer Nesher.
Nesher is involved in the building of the separation wall in the West Bank which annexes Palestinian land to Israel, and has been declared illegal by the International Court of Justice.
CRH is the latest major corporation to divest from Israel. French companies Veolia and Orange have both taken similar decisions recently.
CRH has announced the completion of the transaction to acquire certain assets from Lafarge and Holcim, with the exception of the Philippines, which is expected to close this quarter.
In its financial report for FY14, CRH discloses a 5% increase in sales revenue, 11% increase in EBITDA and 29% increase in operating profit before impairment.