New Offer From Nochi Dankner Would Give Investors a Haircut of Around NIS 600 Million

IDB group controlling shareholder looks to join Israel's ever-expanding 'tycoon barber club,' but will banks and bondholders bite?

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Up until just a few months ago Nochi Dankner, the chairman and controlling shareholder of the IDB group, was still insisting that IDB would meet all its payment deadlines despite its financial woes. But...