Dankner Proposing New Deal as Auditors for IDB Dev. Slap 'Going Concern’ Warning

IDB Development is carrying NIS 4 billion of bondholder debt and owes another NIS 1.9 billion to banks.

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Nochi Dankner, the controlling shareholder of the indebted IDB group, suffered two blows this week as his IDB Development company received a “going concern” warning from its auditors, while Bank Leumi called...