Tao and Phoenix jointly bought 50% of the mall in 2006 from Eli Israeli at a value of NIS 925 million.
Tao Tsuot Ltd. (TASE: TAO-M) subsidiary Tao Tsuot Real Estate Ltd. is in talks to sell its entire share in the 50% stake it jointly with Israel Phoenix Assurance (TASE: PHOE1;PHOE5) owns in the Mul Hayam mall in Eilat. The company expects to sell its share for it NIS 80 million, net of commitments and liabilities.
Tao and Phoenix jointly bought 50% of the mall at the end of 2006 from Ofek Assets, Investments and Development Ltd. co-owner and CEO Eli Israeli at a value of NIS 925 million
Published by Globes [online],
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment