IDB Development on Its Way to Tel Aviv Stock Exchange Listing

Relisting would see IDB back on TASE after four-year absence, with new owners Eduardo Elsztain and Moti Ben-Moshe set to turn IDB Holding Corp. into shell company.

IDB Development Corporation, the holding company that is slated to become the company at the apex of the IDB group, is starting to seek regulatory approvals to list its shares for trading on the Tel Aviv Stock Exchange.