Israel Corporation Mulling $430m Sale of Stake in Peruvian Power Company

Divestment comes as holding company seeks to raise cash ahead of June 2015 deadline for repaying $950 million in debt.

Facing a cash crunch, the Israel Corporation is weighing the sale of its 21.1% stake in Peruvian electricity producer Edegel. The market value of the holding company's share in the private energy company is $430 million.