IDB Inks Deal to Sell Third of Clal Insurance to Chinese Investors

Israeli investment group headed by Nochi Dankner says Chinese group has agreed to pay significantly above market rate.

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Nochi Dankner’s IDB group announced Wednesday morning that a group of Chinese investors has agreed to buy a one-third of Clal Insurance’s shares for $1.5 billion, a 30% premium above the company’s market...