New offer from Nochi Dankner would give investors a haircut of around NIS 600 million
IDB group controlling shareholder looks to join Israel's ever-expanding 'tycoon barber club,' but will banks and bondholders bite?
Up until just a few months ago Nochi Dankner, the chairman and controlling shareholder of the IDB group, was still insisting that IDB would meet all its payment deadlines despite its financial woes. But notwithstanding his promises Dankner has just joined the honorable ranks of the Israeli businessmen who have recently or are currently carrying out "haircuts" in the companies they control. This...
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