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Among the institutional bondholders to whom Africa Israel Investments owes NIS 7.5 billion, Clal Insurance has been among the most conciliatory toward Lev Leviev. It thought Leviev should remain the controlling shareholder, keeping more than 50% of Africa Israel's stock. The other institutional investors - Migdal Capital Market, Psagot, Menora-Mivtachim and Harel - took a tougher line. Clal Insurance owns NIS 445 million worth of Africa Israel bonds. It commented for the record that reports of its amiability are untrue and that its sole goal is to look out for its "members" - as is evident from the yields it achieves for them, the company added. (Sharon Shpurer)

Bank Mizrahi-Tefahot won't be buying a stake in Partner Communications from Ilan Ben-Dov after all. However, Capital Research will. The bank had been touted as the potential buyer of about NIS 200 million worth of the cellular service provider's shares from Ben-Dov, who acquired the 51% controlling interest in Partner from Hutchison Whampoa. Capital is buying its shares - 0.67% of Partner's stock - for NIS 67 million from Ben-Dov's company Scailex. Migdal, by the way, is buying 0.7% of Partner from Scailex for NIS 70 million and Bank Leumi is buying 5% for NIS 500 million. (Sharon Shpurer)
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Azorim chairman Yoram Turbowicz, whose former roles include bureau chief to the prime minister, chief trustbuster and, very recently, adviser to Africa Israel, is joining Bank Hapoalim's board of directors. Shari Arison, Hapoalim's controlling shareholder, approves of his appointment. Hapoalim is the bank to which both Africa Israel and its controlling shareholder, Lev Leviev, owe the most money. Africa Israel's private company Memorand owes somewhere between NIS 1.5 billion and NIS 2 billion to Hapoalim, debt that is backed by most of Leviev's shares in Africa Israel. Turbowicz said his appointment to the Hapoalim board is still being discussed and added that he no longer advises Africa Israel. (Sharon Shpurer)

Shtang Construction and Engineering, which is seeking protection from creditors, yesterday announced that it has ceased to be a substantial shareholder in AZD Ltd. (TheMarker)

The dollar weakened by 0.1% against the shekel yesterday to close at an official exchange rate of NIS 3.709. The dip was in keeping with the dollar's drop in world markets. TheMarker)

Next Wednesday, Asim Investments is convening its bondholders, who will be demanding their NIS 30.6 million back on the spot. It turns out that Ofer Lieberson, chairman and one of the controlling shareholders of Tagor Capital, is one of the people and groups that have contacted lawyers representing Asim's bondholders to suggest that they assume management of Asim's assets if the company is reduced to liquidation. (Michael Rochvarger)

Prashkovsky Investments and Construction, together with its partner in many a project, the private company Zantkeren & Sons, is buying a bunch of plots in Rishon Letzion from a third party. The land in question totals 6,200 square meters in area and is zoned for 68 apartments and eight houses. Prashkovsky and Zantkeren will pay the seller a proportion of the money they make from selling the residences. (TheMarker)

Brainsway yesterday announced its first-ever order in Italy for its Deep TMS medical device, a noninvasive technology to treat brain disorders, including depression. TMS stands for transcranial magnetic stimulation, in case you were wondering. The technique involves applying magnetic pulses to the brain through an electromagnetic coil placed on the patient's scalp. (TheMarker)

Electra Real Estate is in advanced negotiations to sell the top six stories of the future 23-story Harakevet Tower, a residential building to be built near Tel Aviv's old central bus station. The putative buyers are brothers Zachi and Ido Hagag, local players in the real estate market. The price will be about NIS 80 million, other market players estimated. The tower is to go up on the corner of Harakevet and Bnei Brak streets. (Guy Liberman)

While on Electra Real Estate, IBI yesterday raised its 12-month price target for the company to NIS 43, and repeated a Buy recommendation. The reason is distribution of the company's shares as a dividend in kind by its parent company yesterday, combined with its solid management from the day it was established, writes analyst Shay Lipman. Most of its properties are in Israel, western Europe and North America. (TheMarker)
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