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Monday, December 26, 2011

Liquidity needs shrink Dankner's empire - Globes

Liquidity needs shrink Dankner's empire - Globes: "sale of the controlling interest in Clal Industries and Investments Ltd. (TASE: CII), if it goes through, is a major step that could alleviate IDB's liquidity distress for the coming years. The NIS 1.3 billion proceeds from the sale will go directly to its parent company, IDB Development Corp. Ltd., and should suffice to meet the group's bond payments for the next two years, thereby easing the pressure on IDB Holding and its securities."

'via Blog this'

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