24-04-2017 16:46 via insuranceinsider.com

IDB has at least two bidders for Clal: report

Israeli conglomerate IDB Development Corp reportedly has at least
two suitors for subsidiary Clal Insurance.
Speaking to Bloomberg yesterday, Eduardo Elsztain, the Argentine
real estate developer who controls IDB, said he had at least two
bidders for Clal that would consider buying the unit for more than
its current market value.
IDB owns 55 percent of Clal Insurance.
Elsztain has been forced into a sale by a court ruling that
ordered him to divest IDB's holding in Clal, due to...
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