New owner of troubled IDB group in town to renegotiate bank loans
Argentine Eduardo Elsztain and his Israeli partner must change the terms of $400 million in debt owed this year.
A symbolic step in the transfer of financially troubled IDB group took place recently when IDB Development’s new chairman, Aharon Fogel, took over Nochi Dankner’s swank office near the top of a Tel Aviv skyscraper.
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