Bloomberg News

Electra Unit to Sell Rights in Toronto Property for 173M Shekels

October 16, 2011

Oct. 16 (Bloomberg) -- Electra Real Estate Ltd. said a unit of the company has agreed to sell its rights in a Toronto property for 173 million shekels. Electra said in an announcement to the Tel Aviv Stock Exchange today that it will see a before-tax profit of 2.2 million shekels from the deal.

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

To contact the editor responsible for this story: Gwen Ackerman at gackerman@bloomberg.net


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