IDB Development Corporation took another step to generating cash on yesterday, selling its remaining 10.6% stake in Clal Industries.
Move contrasts Bank Leumi's write off of debt from magnate's Israeli company.
Real-estate mogul owes banks millions after Elbit Imaging stock value plummeted
Azorim announced last week it completed a NIS 250 million rights issue to shareholders led by Leumi Partners Underwriters.
Eyal Lapidot, one of the highest-paid managers in Israel, shells out NIS 400,000 for a new set of wheels.
After several hard years, its American operations are generating big cash and profits, but boss Dudi Weissman remains cautious.
Redemption would begin three years after signing, with annual payouts for seven years; IDB Holdings says they cannot accept deal as is but view it as an opening for negotiations.
IDB group controlling shareholder looks to join Israel's ever-expanding 'tycoon barber club,' but will banks and bondholders bite?
Three years after Yossi Singer predicted huge success for the holding company, it's clear his forecast missed the mark. Now Singer is blaming the market for not pricing Granite appropriately.
Deal expands Israeli company's American real estate holdings.