21.07.2011                      19.Tammus, 5771

Pensionfond:

Ben-Dov saves his good name – and your pension fund

One week after Tao Tsuot announced that it couldn't pay its debts, controlling shareholder Ilan Ben-Dov says he is improving his offer to bondholders.

A week and a half after Tao Tsuot announced that it couldn't pay its debts, controlling shareholder Ilan Ben-Dov broke down and said he was improving his offer to bondholders.
Why does this matter to you? Because Tao has debts of NIS 383 million, and its creditors include Israel's institutional investors – in other words, your pension fund….