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IDB has received a week of delay for the sale of the insurance company «Clal»

IDB holding, which is controlled by Argentine billionaire of Jewish origin Eduardo Alistana, received from the Ministry of Finance one week later for the conclusion of the sale of the insurance company «Clal».

Recall that the original holding had to sell the company until December 31, 2015.

The holding company is in the final stages of negotiations with a Chinese Corporation, Macrolink, however, requires a commitment to pay compensation, if the deal is approved by regulators.

It should be noted that if the transaction will not be concluded until January 8, inspector of the insurance market, Dorit Selinger will use to implement IDB owned 54% of shares of «Klal» through the tel Aviv stock exchange. In this case, the IDB proceeds from the transaction will be significantly lower.




IDB has received a week of delay for the sale of the insurance company «Clal» 31.12.2015

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