Connect with us

Hi, what are you looking for?

Jewish Business News


Rubin Schron selling Israeli Discount Bank stake

The sale is at $1.62  a share, 3.7% lower than yesterday’s market price.


Rubin Schron

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.

 Rubin Schron is selling off all his holdings in Israel Discount Bank (TASE: DSCT). Sources inform “Globes” that Poalim IBI Underwriting and Investments Ltd. (TASE:PIU) is distributing 3.6% of Discount Bank’s shares for about $61 million.

Schron is selling his shares at $1.62 a share, 3.7% lower than the price at the end of yesterday’s trading.

Sources reported that the Bronfman group preferred not to sell its holdings in the bank for now, due to its confidence in the capabilities of CEO Lilach Asher-Topilsky.

Discount Bank’s market cap today totaled $1.897 billion, reflecting a multiple of only 0.54, considered the lowest capital multiple among Israeli banks.


Published by Globes [online], Israel business news –



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.