BREAKING NEWS

Dankner meets IDF bondholders in effort to retain control

By JPOST.COM STAFF

MAY 26, 2013 09:31

Businessman Nochi Dankner met Saturday night with IDB Group bondholders in an effort to persuade them to oppose a proposed arrangement which would oust Dankner from controlling the Israeli conglomerate.

IDB controls companies such as Cellcom and Shufersal.

The bondholders from two tiers of the pyramid conglomerate, IDB Holdings and IDB Development, agreed to convert bonds to stocks and merge the two companies, thus wresting control from Dankner. IDB Development bondholders are to write off NIS 1.8 billion of its debt and get 90 percent of its shares.

Niv Elis contributed to this report

Catalan separatist leader campaigns over border in France

By REUTERS

05/08/2024 04:44 PM

UAE strongly condemns Israel's takeover of Rafah border crossing

By REUTERS

05/08/2024 02:48 PM

Russia says it captures two villages in Ukraine

By REUTERS

05/08/2024 01:54 PM

Tel Aviv Mayor announces cancellation of annual Pride parade

By JERUSALEM POST STAFF