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Article: Israel : Africa Israel shares slump as debt talks muddle along.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: babalu03
Wednesday was not a good day for Lev Leviev's AFI Developments, which handles Africa Israel Investments' real estate operations in Russia. AFI's share price slid 11% on the London Stock Exchange on unusually high turnover.
"We figure that Israelis who own AFI shares are afraid that the day after the debt arrangement is approved, the shares will be worth even less," said a senior investment manager at one of the big pension and provident funds. Advertisement
In recent talks between Africa Israel executives and representatives of holders of 12 long-term bond series, the possibility was raised that Leviev infuse Africa Israel with ...