In August 2006, activists called on the public to divest from Dexia Bank because of its links to Israeli finance. The bank has retail outlets in Luxembourg and Belgium.
In February 2001, Dexia Bank took over an Israeli bank, Otzar HaShilton HaMekomi Ltd (OSM), becoming the first European Bank to engage in such a takeover. Dexia now controls 65.31% of the shares, 65.99% of the voting rights, and 66.67% of the right to nominate the directors.
Codip