[News] Palestine Action targets Kent arms factory and Scotiabank offices in London

[Anti-Imperialist News]

freedomnews.org.uk
<https://freedomnews.org.uk/2024/06/17/palestine-action-targets-kent-arms-factory-and-scotiabank-offices-in-london/>
Palestine Action targets Kent arms factory and Scotiabank offices in LondonJune
17, 2024
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Activists invaded Instro Precision, a subsidiary of Elbit Systems, and
blockaded a Canadian bank still invested in the Israeli arms company

Palestine Action say that their activists targeted Instro Precision, a
subsidiary of Israeli arms company Elbit Systems, and the offices of
Canadian Scotiabank, which activists say has not completely divested from
Elbit.

Instro Precision, which described itself <https://instro.com/>as a leading
supplier of “support equipment for military and commercial electro-optical
sensors”, had their Kent factory targeted overnight. Activists blocked
entrances and others invaded the facory where thay began “dismantling
technology, machinery and parts” involved in the “manufacture of scopes,
sights, and targeting equipment for Israel’s
<https://caat.org.uk/app/uploads/2023/11/Fact-sheet-re-Gaza-2023-11-14.pdf>
exterminationist military”, the group said in a press release.

Also targeted were the offices of Scotiabank in London, which Palestine
Action continues to claims are “major investors in Israeli military
production”. Ten activists locked-on at the entrances of the Bank’s HQ
shutting the building down while others sprayed the building red as a
“symbol of the Palestinian bloodshed” caused by the arms company.
Action at Scotiabank in London

The Bank of Nova Scotia, operating as “Scotiabank” had up to $500m in
assets invested in Elbit until recently. After pressure
<https://freedomnews.org.uk/2024/01/17/palestine-action-strike-israeli-weapons-trade-facilitators/>
from activists the Bank completely divested
<https://www.reuters.com/business/finance/scotiabanks-fund-unit-halved-stake-israeli-weapons-maker-elbit-filing-shows-2024-05-14/>
from Elbit, yet its subsidiary asset management fund, the wholly owned
“1832 Asset Management”, still holds over $230m in Elbit shares
<https://fintel.io/so/il/eslt/1832-asset-management>, which would still
make the parent company Elbit’s largest foreign shareholder.
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