After deal to erase Dankner’s debt fails, what will the banks do?
Public pressure forces Bank Leumi to recognize that its decisions to erase debts attributed to a tycoon of Danker’s stature had far-reaching and significant ramifications.
TheMarker's expose of a dramatic Bank Leumi board meeting Friday afternoon put an end to the proposed Elsztain deal, which would have entailed Argentinian businessman Eduardo Elsztain contributing $75 million to Ganden Holdings, the company through which Nochi Dankner controls IDB Holding. This latest development will mean that Dankner's creditors will do whatever they can to extract as much money as possible...
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