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Delek Real Estate expands locally
Ryan Nadel
10/04/2006
Delek Real Estate is expanding its operations in Israel through the investment of US$37.5 in real estate company Vitanyah through a convertible debenture.
Delek Real Estate is expanding its operations in Israel through the investment of US$37.5 in real estate company Vitanyah through a convertible debenture. The debenture will be convertible into a maximum of 50% Vitanyah shares during the next 10 years. The investment is part of Delek Real Estate's strategy to expand its portfolio of income producing properties in Israel.
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