Piper Jaffrey has been selected to manage the sale of the company.
The property tycoon is weighed down by heavy debt and may be forced to give up control of his real-estate empire.
Controlling interest in company would go to Fosun group at 3.7 billion-shekel market valuation.
Controlling shareholder remains at odds with partner Eduardo Elsztain over financing plan and other issues.
Analysts are keen on Kenon stock; U.S. Moinian Group to sell bonds in Tel Aviv; Perrigo in tie-up to make gummy vitamins; falling oil weighs on Tel Aviv shares.
TradAir raises $15 million for forex-trading platform, IGP puts $20 million into Panaya.
Moti Ben-Moshe is signaling that he opposes Eduardo Elsztain’s proposed 800-million-shekel rights offering.
Delek Group makes second stab at selling Phoenix Insurance; Talks between Teva, Intec on Accordion Pill collapse; Gamida wins orphan drug status for NiCord; TA-25 ends higher in mixed share market.
Hot counters Cellcom's new TV offering with super-cheap cellphone package.
The brainchild of co-chairman Eduardo Elsztain may reflect partner Moti Ben-Moshe’s decline at the conglomerate.