Bloomberg News

Discount Investment to Sell Shufersal for 2.42 Billion Shekels

October 16, 2011

Oct. 16 (Bloomberg) -- Discount Investment Corp. signed a memorandum of understanding to sell its 46 percent stake in Shufersal Ltd. for 24.18 shekels a share, or 2.42 billion shekels. Discount will sell the holding in Israel’s biggest supermarket chain to Isralom Properties Ltd. and England’s Noe family, according to a statement filed with the Tel Aviv Stock Exchange on Oct. 14.

TASE Filings: maya.tase.co.il/bursa/indextoday.htm

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Susan Lerner at slerner2@bloomberg.net


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