Israel to Sign Deal to Sell Discount Bank Stake

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000203-israel-to-sign-deal-to-sell-discount-bank/

The sale of a controlling 26 percent stake in Israel Discount Bank to a group led by U.S. businessman Matthew Bronfman will be signed on Tuesday afternoon, the Finance Ministry said.

The ministry has agreed to sell 26 percent of Israel’s third largest bank to the Bronfman-led group for 1.3 billion shekels ($297 million).

Finance Minister Benjamin Netanyahu will attend the signing ceremony at 1300 GMT in Tel Aviv.

For this complete story, please visit Israel to Sign Deal to Sell Discount Bank Stake.

Israel to Sign Deal to Sell Discount Bank Stake

Unknown Author

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