General Mills divests its Israeli dough operation

(JTA) – General Mills announced Tuesday it would be fully divesting from a business venture in Israel that had operated in an East Jerusalem settlement, in a move pro-Palestinian activists celebrated as the result of their campaign against the food conglomerate.
The Minnesota-based company has operated a Pillsbury frozen-food factory in the Atarot Industrial Zone since 2002, in a joint venture with Israeli investment group Bodan Holdings. In a statement, the company said it would sell its majority stake in the venture back to Bodan as part of a larger international investment strategy.
General Mills’ statement did not mention politics and noted that the company had previously moved to sell off its European dough business, as well. The company did not return multiple requests for comment from the Jewish Telegraphic Agency.