Bondholders Ready to Take Over IDB Group if Tycoon Can't Pay His Debts, Creditor Says

Israel's Psagot Investment House warns that 'the time has come to tip the balance,' while Nochi Dankner seeks funding from Argentine investor.

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Bondholders are ready to take control of Nochi Dankner's IDB group if it can't reach an agreement acceptable to its creditors, the CEO of Psagot Investment House warned on Wednesday.