Bloomberg News

Koor to Go Ahead With Sale of Stake to Property & Building Corp.

October 31, 2011

Oct. 31 (Bloomberg) -- Koor Industries Ltd. said it will go ahead with the sale of its stake in the HSBC building in New York City to Property & Building Corp. even after it received alternative offers for the stake, according to a statement filed late yesterday with the Tel Aviv Stock Exchange.

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

To contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net


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