S. American investor group mulls IDB investment

Argentinian businessman Eduardo Elsztain, who owns one of the country's largest real estate companies, reportedly heads the group.

A group of Latin American Jewish businessmen have been holding intensive negotiations over the past few days to invest in Ganden Holdings Ltd., the private company through which Nochi Dankner controls IDB Holding Corp. Ltd. (TASE:IDBH). Sources inform ''Globes'' that the group came to Israel last Thursday, and that it is in advanced talks with Ganden.

Argentinian businessman Eduardo Elsztain, who owns one of the country's largest real estate companies, reportedly heads the group.

Rabbi Yoshiyahu Pinto arranged the meeting between Dankner and the businessmen. Over the past ten days, Pinto has been meeting with wealthy US and Latin American business to encourage them to invest in the Israeli economy.

Pinto's aides say that he is not acting as a mediator, and that his sole objective is to help the Israeli economy. Pinto told his aides that anyone who invested in Israel would double or even triple his profits. He added that the Israeli economy was going through a rough patch, and that ending it was the purpose he had in mind.

Dankner has recently consulted Pinto several times, and it seems that the efforts to recruit investors from among Pinto's followers have been successful, not just for IDB, but also for other companies.

A Ganden spokesman confirmed that Dankner was in contact with several foreign investors, including from Latin America, about investing in Ganden.

Published by Globes [online], Israel business news - www.globes-online.com - on September 10, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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