Bloomberg News

Electra Real Estate Not Meeting Conditions of German Bank Loan

October 24, 2011

Oct. 24 (Bloomberg) -- Electra Real Estate Ltd. was informed a unit of the company hasn’t been meeting the conditions of a non-recourse loan tied to the financing of an asset in Germany, according to an announcement to the Tel Aviv Stock Exchange late yesterday.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

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


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