Elsztain: I’m sole IDB controlling shareholder

After a prolonged period of stagnation at IDB Development Corporation Ltd. (TASE:IDBD), and in view of the rift between its two controlling shareholders, it appears that Eduardo Elsztain is losing patience. Sources close to IDB said that Elsztain plans to ask the board of directors to recognize him as the sole controlling shareholder and decision-maker in the concern, due to the board’s limited cooperation and half-hearted support for the measures he wants to push through. The sources further assert that Elsztain is disappointed that the board members have not realized that he is now de facto the sole controlling shareholder in the group, and are putting obstacles in his path…[READ MORE]

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Published by Globes [online], Israel business news – www.globes-online.com