Bronfman-held Isralom in talks to buy Olimpia stake

JERUSALEM, July 8 (Reuters) - Israeli real estate company Isralom Properties (ILOM.TA) is in talks to buy about 20 percent of Olimpia Real Estate Holdings (OLMP.TA), the companies said on Sunday.

Isralom said in a statement it was in talks to buy about half of a 39 percent controlling stake in Olimpia but there was no certainty the talks would lead to an agreement.

Olimpia owns a 29 percent stake in Dutch Nanette Real Estate Group NAT.L, which has residential projects in Hungary, Romania, and Poland.

The Bronfman-Fisher group, led by U.S.-Canadian businessman Matthew Bronfman, owns 57.19 percent of Isralom and intends to turn it into Bronfman-Fischer's real estate investment arm in Israel.

Bronfman, who is involved in industry, finance, and retailing in Israel, in June bought a 19.8 percent stake in Super-Sol (SAE.TA), Israel's biggest supermarket chain, from Discount Investment Corp. (DISI.TA) for $214 million.