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Industries and Investments Ltd. (TASE: CII) reported a 63% drop in its net profit for the first quarter, on the eve of the company's sale by Nochi Dankner to Len Blavatnik. Losses by subsidiary (TASE: CBI) more than offset profits by Nesher Israel... Full Article at Globes Online
Ltd. (TASE:IDBH), Bank Leumi (TASE: LUMI) will make a provision, estimated at NIS 150 million, a quarter of the debt of Ganden Investments Ltd. , through which Nochi Dankner controls IDB. The bank will make in its financial report for the first quarter... Full Article at Globes Online
Discount posted a net profit of NIS 413 million for the three months as the market value of the Swiss bank rose and profits increased at Discount's Property and Building subsidiary. Profit was given a further boost by declining costs for management and... Full Article at Haaretz
The deal follows recent failed attempts by Dankner to sell pieces of his financially strapped IDB group. An agreement for the sale of his Super-Sol supermarket chain to the Bronfman family collapsed, as did prior efforts to sell Clal Industries. ... Full Article at Haaretz
Ltd. (TASE:IDBH) chairman Nochi Dankner told "Globes" today. He said that the sale of 50% of IDB subsidiary Clal Industries and Investments Ltd. (TASE: CII) today would boost IDB's cash reserves by NIS 2.66 billion. The merger of IDB holding company... Full Article at Globes Online
Dankner of personal security he had extended. And Dankner's family has also not been spared the current problems facing the IDB group. Dankner's father, Yitzhak Dankner, has given Bank Leumi a lien on his own shares in IDB Holdings to secure the debt of... Full Article at Haaretz
Dankner must take tough decisions like Lev Leviev did. There's a strong chance that IDB will need a debt settlement," a top banker told "Globes" about the condition of Israel's largest conglomerate. Shares in IDB Holding Corp. Ltd. (TASE:IDBH),... Full Article at Globes Online
Danker told the gathering that no debt restructuring is being considered and that the group has enough cash to meet its obligations for the next two years. In response he was asked for an update of IDB's financial situation and progress in agreements... Full Article at Haaretz
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