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Article: Poalim Investments to buy Dovrat-Shrem real estate firm

Article from:
Jerusalem Post
Article date:
February 27, 1997
Author:
Copyright

GALIT LIPKIS BECK
Jerusalem Post
02-27-1997
Poalim Investments, which is controlled by the Dovrat- Shrem group, intends to acquire the Dovrat-Shrem-Kellner real estate company, also controlled by Dovrat-Shrem, for about $40 million, the company informed the Tel Aviv Stock Exchange yesterday.

The transaction, currently in the negotiation phase, will be in the form of a share exchange between Dovrat- Shrem-Kellner and Poalim Investments, a holding company engaged in industry, communications, trade and services.

The transaction will increase Poalim Investments' activities in the real estate field.

The company currently holds property but does not have any investments in the real estate ...

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