Bloomberg News

Scailex Selects Deutsche Bank, Lazard For Partner Stake Sale

February 02, 2012

Feb. 2 (Bloomberg) -- Scailex Corp., the controlling shareholder in Israel’s second-largest mobile phone provider Partner Communications Co., said it chose Deutsche Bank AG and Lazard Ltd. to lead the sale of its stake in the affiliate.

Deutsche Bank will provide a credit line of as much as $1 billion to the buyer, Scailex said in a statement to the Tel Aviv Stock Exchange after the market closed yesterday.

The company is considering options including a deal that would turn Partner into a privately held company, according to the statement.

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

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net


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