TEL AVIV, May 30, 2010 (WAFA)- Deutsche Bank, Germany's largest bank, had sold its holdings in Israeli arms firm, Haaretz reported Israeli Army Radio saying, today, citing pressure by pro-Palestinian groups as the reason for the move.

The Israeli daily said that although Deutsche Bank CEO Josef Ackermann did not state the reason for the bank's divestment of the Israeli firm, the Jewish Telegraphic Agency reported that International Physicians for the Prevention of Nuclear War and Pax Christi, two groups critical of Elbit's involvement in the West Bank Separation fence, issued a joint statement Friday calling their divestiture campaign 'a major success.'

Last year, Norway's finance minister, Kristin Halvorsen, announced at a press conference in Oslo earlier in the day that its divestment of Elbit had been spurred by the firm's involvement in the construction of the separation fence.