Confirmed: Rami Levy buys Digal's Nof Zion project
76.81% of the bondholders supported Rami Levy's bid, and 94.31% rejected Al- Palestinian American businessman Bashar Masri's bid.
The bonds' trustee, Hermetic Trust Services (1975) Ltd., reported that 76.81% of the bondholders supported Rami Levy's bid and that 94.31% rejected Al-Masri's bid.
Yesterday, the institutional investors who hold Digal's bonds said that they had withdrawn their support for Al-Masri, foiling his attempt to take over the Nof Zion residential project as part of a debt settlement with Digal's creditors.
Published by Globes [online], Israel business news - www.globes-online.com - on January 12, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
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