Bank Leumi's privatization fought out by foreign investors

January 18, 2011 18:28

The Treasury's office announced Tuesday that Bank Leumi, of which the state holds 11% of its shares, will begin its privatization process, Army Radio reported.

9 foreign investors began their bidding to purchase between 3.5 to 5 percent of the bank's shares, and future plans to sell additional stock have already been made. The winner from the investments will be published tomorrow in stocks at 10:00 a.m.

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