Bloomberg News

Africa-Israel Advances Most in a Month on Clock Tower Sale

October 16, 2011

(Updates with closing share price in second paragraph.)

Oct. 16 (Bloomberg) -- Africa-Israel Investments Ltd. jumped the most in more than a month after two units of Lev Leviev’s holding company agreed to sell the Clock Tower Building in New York for $165 million.

The shares gained 11 percent, the most since Sept. 13, to 12.50 shekels at the 2:45 p.m. close in Tel Aviv.

--Editors: Susan Lerner, Shaji Mathew

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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