Discount Investments board ousts 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 More...
IDB board approves Eduardo Elsztain’s rescue plan
The plan calls for an immediate about $201 million rights issue. Moti Ben-Moshe: This is a PR exercise. IDB board approved the proposal of one of the controlling shareholders, Eduardo Elsztain, More...
Eduardo Elsztain wants over $200 million injection to save IDB Development
– Eduardo Elzstain’s demand could mean the beginning of the end of his partnership with Moti Ben-Moshe. – Argentinean billionaire businessman Eduardo Elsztain has called on his partner Moti More...
IDB Partnership on the Rocks?
– Moti Ben-Moshe tells Eduardo Elsztain: You are responsible for ending this deadlock. – The tension between IDB Development Corporation Ltd. (TASE:IDBD) controlling shareholders Moti Ben-Moshe More...
IDB stocks plunge after Adama pulls offering
– Discount Investment and IDB Development are sharply down in an otherwise stable market. – Following the cancellation by Adama Holding Ltd. (TASE:ADMA.B1) of its planed equity offering in New York More...
Eduardo Elzstain, Moti Ben-Moshe postpone IDB rights issue
– Eduardo Elzstain and Moti Ben-Moshe face opposition by Discount Investment bondholders to IDB’s $53 million dividend. – Following opposition by the company’s trustees, IDB More...
Elzstain and Ben-Moshe injects $47 million into IDB Development
– The two are exercising warrants at 43% above Thursday’s closing price. IDB Development shares are rising strongly. – The controlling shareholders in IDB Development Corporation, More...
Greek energy exploration group Energean joins Myra and Sara partners
– The Cyprus-based company is taking a 25% stake in the energy exploration licenses off Israel’s coast. – – Interest is reviving in the Sara and Myra drilling licenses. The partners More...
Israeli Clal Insurance sale to Chinese consortium collapses
– IDB Development: Insurance Supervisor will not approve the sale. – – / By Ron Stein and Efrat Peretz / The sale of the controlling interest in Clal Insurance Enterprises Holdings More...
New Dankner Proposal as he Fights to Keep His Company Intact
– – / By Alan Gallindoss / Globes today reports that Nochi Dankner continues to fight to keep control of his IDB group of companies with a new four part offer to the group’s bondholders who More...