Ofer Pledges Israel Corp. Stock for Debt

The move caps a series of pledges Ofer has made, bringing the total value of shares in the holding company that he has put up as collateral on loans to NIS 1.2 billion.

The Israel Corporation's controlling shareholder, Idan Ofer, has pledged NIS 600 million worth of his stock to cover a NIS 300 million loan from the...