Nochi Dankner loses control of IDB

09.12.2013                      06.Tewet.5774

Wirtschaft:

Nochi Dankner loses control of IDB

The Eduardo Elsztain-Motti Ben-Moshe consortium received over 75% of the bondholders vote.

The era of Nochi Dankner as the controlling shareholder of IDB Holding Corp. Ltd. is over. The Eduardo Elsztain-Motti Ben-Moshe consortium received over 75% of the bondholders vote for a clear victory this evening. In the first round of voting Dankner received 35% of the votes with Bank Leumi, one of the major institutional investors in IDB, abstaining. In the second round Bank Leumi voted for the Elsztain-Ben-Moshe consortium, handing them a crushing victory….