Tag archive for ‘Israel Corporation (TASE: ILCO)’
Dubi Ben-Gedalyahu On Thursday, February 12th, 2015

Israel Corp. officially cuts ties with Qoros

Israel Corporation (TASE: ILCO) is finally cutting its official ties with Chinese car co Qoros, a joint venture with Chery Automobile, in which it has invested $650 million over the past seven years to develop More...

Dubi Ben-Gedalyahu On Thursday, January 15th, 2015

Idan Ofer’s Qoros sells 7, 000 cars in China in 2014

Qoros is having problems with dealerships and brand penetration.   Auto manufacturer Qoros, controlled by Idan Ofer‘s Israel Corporation (TASE: ILCO) and Chinese auto maker Chery, sold 6, 967 More...

Shai Shalev On Tuesday, December 16th, 2014

Israel Chemicals, Lev Leviev, Plan Investing $800 Million in Namibian Phosphate Mine

Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) was recently in contact with Africa-Israel Investments Ltd. (TASE:AFIL) controlling shareholder Lev Leviev about possible investment in a huge phosphate mine that More...

Amiram Barkat On Tuesday, July 15th, 2014

Zim Shipping Golden Share Settlement Reached with Israeli Government

– The state and Israel Corp. have compromised in the Supreme Court on the transferability restriction. – Yesterday evening, a settlement was reached in the Supreme Court on the government’s More...

Globes On Tuesday, June 24th, 2014

Chances of Idan Ofer’s Shipping Company Zim debt settlement look low

– The state refuses to relinquish its “golden share” in the shipping line. –   /Efrat Peretz and Amiram Barkat/ The chances that the second debt settlement at shipping company Zim More...

Koby Yeshayahou On Thursday, May 1st, 2014

Israel Corp. sells Edegel SA stake for $413 million

– Israel Corp. will record a capital gain of $88 million on the sale of 21.1% of Edegal. – – Israel Corporation (TASE: ILCO) unit IC Power has sold its 21.1% stake in Peruvian electricity More...

Ela Levy Weinrib On Monday, April 28th, 2014

Israel Corp sued over last Better Place investment of $293 million

– Shareholder claims the company could have saved $33.5 million by not making its last investment in the electric car venture. – – A lawsuit filed today with the Tel Aviv District Court against Israel More...

Tali Tsipori On Sunday, April 6th, 2014

Idan Ofer Seeks $200 Million Private Placement For Tanker Financing Ahead of Possible IPO Later

– TradeWinds: Idan Ofer plans to raise $200 million ahead of an IPO on the Oslo Stock Exchange. – – TradeWinds reports that Idan Ofer plans to raise $200 million in a private placement by More...

Dubi Ben-Gedalyahu On Thursday, March 6th, 2014

Israel Corp’s Joint Venture Qoros Presents The EBIKE Prototype In Geneva

– –  Israel Corporation (TASE: ILCO) and China’s Chery Automobile Company Ltd. joint venture Qoros has unveiled a prototype of a smart electric bicycle – EBIKE – at the Geneva More...

Efrat Peretz On Thursday, January 16th, 2014

Idan Ofer’s Zim Shipping Company Signs $3 Billion Debt Settlement With Creditors

– Israel Corp. loses control of the shipping company in the largest-ever debt write-off in Israel’s history. – – It took less than a month for the record NIS 2.8 billion debt settlement More...

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