Koor Gradually Exiting Credit Suisse

Sells 5.5 million shares of the Swiss bank, still holds 1.6% stake.

Koor Industries, which is part of Nochi Dankner’s IDB Group, has begun selling off its 1.95% stake in Credit Suisse. The stake in Koor, run by Raanan Cohen and Lior Hannes, is being sold off by the decision of the company’s board of directors.