• Most Popular
  • Most Shared

Israel's Property, Harel halt Broadgate talks

Wed Jul 8, 2009 11:32am EDT

Stocks

   

TEL AVIV, July 8 (Reuters) - Israel's Property and Building (PTBL.TA) and Harel Insurance and Financial Services (HARL.TA) said on Wednesday they decided to halt talks to acquire minority stakes in London's Broadgate office complex.

In separate statements to the Tel Aviv Stock Exchange, the companies did not provide further details.

Last month Property and Building had said it was considering purchasing a stake in British Land's (BLND.L) Broadgate complex for 100 million pounds ($160.7 million).

Property and Building, a subsidiary of holding company IDB Holding Corp (IDBH.TA), had said it would buy shares in a real estate firm that holds Broadgate. An industry source said the firm was British Land's subsidiary through which it holds Broadgate.

Harel, Israel's third-largest insurance group, had said it was examining an acquisition of 45 million pounds worth of shares. [ID:nLI302645] ($1=.6224 Pound) (Reporting by Tova Cohen; Editing by Hans Peters)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets