Clal Insurance Enterprises Holdings Limited: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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IDB Holding Corporation Ltd In Talks To Sell Clal Insurance Enterprises Holdings Ltd Stake-DJ
Dow Jones reported that IDB Holding Corporation Ltd said it is in advanced negotiations to sell a 30% share of its Clal Insurance Enterprises Holdings Ltd. subsidiary to a group of Chinese investors. In a press release, the Israeli conglomerate said the sale price being discussed for Clal Insurance reflects a company value of 4.6 billion shekels ($1.28 billion), more than 25% higher than Clal's market capitalization of ILS3.6 billion. It did not disclose the names of the Chinese investors in talks to buy Clal. IDB Holding was ordered by a Tel Aviv court to sell its 55% stake in Clal, which it controls through wholly-owned subsidiary IDB Development Corp., by August 22 in order to obtain cash to pay bondholders.
Latest Developments for Clal Insurance Enterprises Holdings Limited
- Clal Insurance Enterprises Holdings Limited To Have New Controlling Shareholder, JT Capital Management Limited
- Clal Insurance Enterprises Holdings Limited Announces Resignation of Chief Executive Officer, Mr. Shy Talmon
- Clal Insurance Enterprises Holdings Limited Announces Interim Cash Dividend For Q2, FY 2012
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