Discount Investment Brings Some Badly Needed Good News for Its Boss

As the Argentinian property magnate Eduardo Elsztain grapples with cash flow woes at parent company IDB, Discount’s share price has rallied.

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Even after injecting more than 2 billion shekels ($520 million) into IDB Development Corporation over the last two years, the Argentinian property magnate Eduardo Elsztain has failed to extricate the holding...