Newspapers quoted Deutsche CEO Josef Ackermann as telling an investors' conference last Thursday in Frankfurt that the bank had sold all its shares in Elbit, Israel's largest publically traded defence firm.
They newspapers said the decision stemmed from protests by two pro-Palestinian groups.
Deutsche Bank in Tel Aviv was not available for comment, while Elbit declined to comment.
Deutsche held about 50,000 shares of Elbit -- about 0.1 percent -- worth some $2.6 million at the end of the first quarter, newspapers said.
Elbit's Nasdaq-listed shares closed at $51.95 on Friday. Its Tel Aviv shares were up 1.9 percent at 201.00 shekels at midday, outpacing gains of 0.7 percent on the broader bourse.
($1 = 3.83 shekels)
(Reporting by Steven Scheer; Editing by Hans Peters) Keywords: DEUTSCHE ELBIT/ (steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: steven.scheer.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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