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Elsztain will put $52.6 million into Discount Investment as part of a $131.5 million rights issue.
Moti Ben-Moshe is refusing Eduardo Elsztain's demand for sole control of the controlling interest.
Eduardo Elsztain is proposing to replace his current commitments under the IDB Holding debt arrangement. Grupo Dolphin S.A., controlled by Eduardo Elsztain, is offering...
Eduardo Elsztain made further cash injections into IDB Development conditional on him being recognized as sole controlling shareholder.
Eduardo Elsztain's is demanding that the IDB board recognize him as IDB's only controlling shareholder.
The prosecution says that Dankner, with the help of his partners, was been involved over several days in February 2012, in illegal market manipulation.
Otherwise it's all good.
In the current situation, Elsztain has more pull on IDB's board than Ben Moshe does
Ben-Moshe and Elsztain bought control of IDB last year, from the previous controlling shareholder Nochi Dankner, who got into a debilitating amount of debt.
The rights issue today is part of a power struggle between Moti Ben-Moshe and Eduardo Elsztain to control IDB Development. Businessman Moti...