Azrieli Group in large private placement
The company will use part of the funds raised to buy a stake in Bank Leumi.
Sources inform ”Globes” that Azrieli Group, owned by David Azrieli, has raised NIS 200 million in a private placement of bonds. The company will use part of the proceeds for the acquisition of half of the stake of Cerberus Capital Management LP and Gabriel Capital Management LP in Bank Leumi (TASE: LUMI).
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