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Article: Poalim Investments Hopes To Raise $90 Million In Private Placement.
- Article from:
- Israel Business Today
- Article date:
- February 1, 1999
CopyrightCOPYRIGHT 1999 Israel Business Today. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Poalim Investments wants to sell at least 25 percent of its fully owned subsidiary Poalim Electronics Communications to private investors for $90 million. Poalim Electronic Communications needs large amounts of capital for the investments it is making in local communications companies that are bringing new telecommunications technology to the Israeli market. Partner, Israel's third cellular telephone company is one of the companies where Poalim investments, by way of its subsidiary, has been making large investments. The ...
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