Bank Leumi privatization complete

The privatization of Bank Leumi was completed after midnight Tuesday as the government sold 9.9 percent of Israel's second largest bank to Barnea Investments for NIS 2.474 billion, the company said. Barnea Investments will pay NIS 17.5 per share for the stake and have the option to buy an additional 10.1% of Leumi.
More about:Bank Leumi, Israel