New Owner of Troubled IDB Group in Town to Renegotiate Bank Loans

Argentine Eduardo Elsztain and his Israeli partner must change the terms of $400 million in debt owed this year.

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A symbolic step in the transfer of financially troubled IDB group took place recently when IDB Development’s new chairman, Aharon Fogel, took over Nochi Dankner’s swank office near the top of a Tel Aviv...