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Article: Akirov to sell Sharon Mall to British-Israel: Financial Levers and Alrov said yesterday that they had not reached agreement on the sale of the Netanya mall.

Article from:
Globes
Article date:
June 28, 2007
Copyright

Byline: Erez Wollberg

Jun. 28--British-Israel Investments Ltd. (TASE: BRTS) has stepped in as the buyer for the Sharon Mall in Netanya from Alrov (Israel) (TASE: ALRO) after it was announced yesterday that talks with the previous buyer Financial Levers Ltd. (TASE:LVR) had broken down.

British-Israel said today that it would acquire the Sharon Mall for NIS 344 million, plus VAT and indexation differentials backdated to the Consumer Price Index (CPI) for March, the time that Alrov first disclosed its intention to sell the mall to Financial Levers.

British-Israel, controlled by UK Jewish real estate magnate, Leo Noe, notified the Tel Aviv Stock ...

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