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Lev Leviev completes exit from malls
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Lev Leviev's Africa Israel Investments has completed the sale of the Ramat Aviv and Savyonim malls to Melisron, which belongs to Yuli Ofer. Melisron is paying NIS 630 million for 73.4% of the shares in the company that owns the Ramat Aviv mall, in Tel Aviv, and NIS 193 million for the Savyonim mall, in Kiryat Savyonim, Yehud. Africa Israel needs the liquidity to meet NIS 900 million in payments to bondholders this year alone. The deal could be consummated after the Antitrust Authority gave its approval last week. (Nathan Sheva)

Guess who

Apropos of Lev Leviev, he's in Kazakhstan, but he's keeping a low profile. Earlier this week he met with a Kazakh colleague in the lobby of the Presidential Hotel in the capital Astana. At the same time, President Shimon Peres was leading a delegation of Israeli businessmen in Kazakhstan, but Leviev declined to join their events, saying he was there on a private visit. He refused to answer questions, but did comment, "Now's the time to invest everywhere that had been affected by the crisis." (TheMarker)

Fujitsu licenses RedBend device management

Fujitsu Microelectronics has licensed Red Bend's standards-based device management for its WiMAX SoC and WiMAX chipsets. The deal gives Fujitsu Microelectronics' customers standards-based device management in their WiMAX-enabled products. (TheMarker)

Lumenis raises $15m

Surgical lasers maker Lumenis has scored $15 million from existing and new investors. Agate Medical Investments is a newcomer, joining in the financing round with LM Partners and Ofer Hi-Tech Group. While about it, Lumenis says it's restructured its debt to banks, spreading loan repayments over eight years to 2017. (TheMarker)

Teva gets nod for oral contraceptive sales...

Teva Pharmaceutical Industries has received approval from the U.S. Food and Drug Administration to sell a generic version of Ortho McNeil Janssen's Ortho Tri-Cyclen Lo oral contraceptive. The Israeli company will be marketing the drug under the name Tri-Lo Sprintec. (TheMarker)

...and is leasing tech to "fix" drugs...

In other Teva news, biopharmaceuticals company Optimata said Tuesday it had signed an agreement with Teva to develop drug candidates for solid tumor cancers. Optimata's bio-simulation technology should allow Teva to "fix" drugs that failed advanced clinical development tests by monitoring changes in dosing and timing. Teva will pay for the rights to drugs that have been shelved by companies after they failed to pass advanced clinical tests, Optimata said. It added that Teva had also made an undisclosed investment in Optimata. (Reuters)

...and gets OK for hormone in new device

Teva Pharmaceutical Industries and Antares Pharma said Monday the companies received Food and Drug Administration approval for use of the human growth hormone Tev-Tropin in a needle-free injection system. The drug is already approved as an injection. The approval gives the companies authorization to use the already approved drug in Antares' system, which does not involve a syringe injection. The companies will market the device as the Tev-Tropin Tjet Injector system. (AP)

Payton to move group into single building

Payton Industries is negotiating to buy 4,500 square meters of land in central Israel, which is currently occupied by an unfinished two-story industrial building with underground parking. It's looking at paying NIS 13 million. Payton plans for itself and its subsidiaries to move into the edifice, thereby consolidating its geographic dispersion from three locations to one. (TheMarker)

Leumi starting moves to sell Keshet shares

Bank Leumi proposes to sell its 20% stake in Keshet to the Lemelbaum family, which bought a 16% interest in the TV broadcast company last year from Haim Saban, a movie producer and one of the owners of the Bezeq phone company. The state says Leumi has to sell its shares in Keshet because it also owns shares in the Yes satellite television company. Under the law, such cross-ownership is forbidden. The bank wants NIS 25 million for the shares, which is reportedly a lot more than the Lemelbaums are willing to pay. (Ophir Bar-Zohar)

Inspire sells Disposable

Inspire Investments has completed the sale of its shares in DPL Disposable Products for NIS 14 million. (TheMarker)

El Al leasing Sun D'or planes for ads

El Al is about to turn planes operated by subsidiary Sun D'or into flying advertisement venues. El Al will allow companies to lease the planes and repaint them, branding them with their own logo instead of Sun D'or's. El Al is reportedly in negotiations with a communications company about leasing it the interior, not the skin, of one jet. El Al seems unworried about weakening the Sun D'or brand because while it invests heavily in promoting itself, it advertise the subsidiary. (Zohar Blumenkrantz)
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