Connect with us

Hi, what are you looking for?

Jewish Business News


Israel : Two IDB Bids Left As Elsztain Teams With Ben-Moshe

Creditors must now choose between the Dankner-Granovsky consortium and the Elsztain-Ben-Moshe partnership.


There has been more drama in the battle to gain control of IDB Holding Corp. Ltd. (TASE:IDBH) on the eve of voting by creditors over the debt settlement. Two of the rival bids have teamed up as Eduardo Elsztain’s Dolphin Group has joined Xtra Holdings GmbH headed by Motti Ben-Moshe to form a united front against the Dankner-Granovsky consortium.The significance of this new development is that the creditors vote, which is due to take place tomorrow afternoon, could be postponed.

Creditors will choose between two bids: the consortium led by Ukrainian Jewish businessman Alexander Granovsky (Emblaze Ltd. LSE:BLZ), IDB chairman and controlling shareholder Nochi Dankner, Netz Bonds (2009) Ltd. (TASE:NETZ), the Noiman Group which owns garages,  Neto Melinda Trading Ltd. (TASE: NTML), and Mexican Jewish businessman Daniel Jusidman, and the newly formed Elsztain-Ben-Moshe partnership.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Published by 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.