Africa-Israel VP marketing Zvia Elazarov-Leviev: Africa-Israel has bought the remaining shares in Anglo-Saxon, after it rose strongly in recent years.
Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) is buying out its partner in Anglo-Saxon Real Estate (Israel 1992) Ltd., Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL), for NIS 7.5 million. For the past 14 years, Africa-Israel has owned 51% of the agency and Migdal 49%.
Africa-Israel VP marketing and Anglo-Saxon chairperson Zvia Elazarov-Leviev said, “Africa-Israel has bought the remaining shares in Anglo-Saxon, after it rose strongly in recent years, and in expectation of further growth in the coming years.”
Published by Globes [online], Israel business news - www.globes.co.il - on November 30, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006