Connect with us

Hi, what are you looking for?

Jewish Business News


Discount Investments board ousts Ben-Moshe

Ben-Moshe told the Discount Investments board that he is ready and willing to inject $153 million into the company.

IDB Eduardo Elsztain and Moti Ben-Moshe
Discount Investment Corporation’s (TASE:DISI) board of directors met last night and decided to oust Moti Ben-Moshe from his position as co-chairman of the board, just like the recent decision of IDB Development’s board. At the same time, the Discount Investments board of directors blocked a discussion proposed by Ben-Moshe on injecting cash into the company.

In response, Ben-Moshe said that the board refused to discuss his proposal despite the fact that it was not contingent upon anything. Ben-Moshe, and presumably also Discount Investments’ creditors, will study the effects of the decision before deciding on next steps.

Earlier yesterday evening Ben-Moshe told the Discount Investments board that he is ready and willing to inject $153 million into the company in order to improve its financial situation… [READ MORE]

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.

GLOBES logo-eng (1)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.