Bloomberg News

Ampal Surges Most in 3 Months on Bondholders’ Agreement Report

April 03, 2012

Ampal-American Israel Corp. (AMPL), which holds a stake in a company that exports natural gas from Egypt to Israel, rallied the most in almost three months after Globes reported it reached an agreement with bondholders.

The shares of Ampal, which owns 12.5 percent of East Mediterranean Gas Co., roared 22 percent, the most since Jan. 8, to 1.023 shekels at 1:07 p.m. in Tel Aviv.

The company reached an accord with investors who held its largest outstanding series of bonds, Globes said, without saying where it got the information. A message left with a company spokesman wasn’t immediately returned.

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

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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