Dankner’s IDB Admits Thai Investor Pullout From Clal Deal

Embattled Israeli tycoon Nochi Dankner faces another setback as CP Group backtracks on plan to purchase his stake in Clal Insurance, a transaction which a court ordered to complete before next week.

The IDB Development Corporation announced on Wednesday that the Thai CP Group had withdrawn its plan to purchase the company's stake in Clal Insurance.