Embattled Israeli Tycoon Shaul Elovitch Tells Creditors He May Sell Control of Bezeq Telecoms Giant

Elovitch under pressure to show he can repay debt of his Eurocom holding company; news sends Bezeq shares soaring

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Shaul Elovitch is expected to accede to demands from his bank creditors to sell off half of his controlling stake in Bezeq over the next few years, with the aim of helping settle 1.2 billion shekels ($340...