Shares of Delek, Avner and Ratio opened 3.5 percent higher in Tel Aviv after the announcement.
Israel business news
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Extent of banks' losses on Eliezer Fishman comes as the ex-tycoon's lawyers level attack on special administrator appointed to oversee his family's personal assets.
Both companies are profitable, generate returns on equity of 10% to 15% a year, and would likely distribute dividends. This is the kind of thing that investors would happily welcome.
The rise comes despite the cold and rainy weather, which would normally have resulted in a decline in sales of beverages and in retail sales in general.
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Israeli heirs to U.S. property or stocks may have to pay inheritance taxes.
A young Arab woman discovers the pitfalls of wearing a head covering when looking for work in a shopping mall.
Grocery chain faces giant fine over takeover of rival Mega chain.