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Article: Poalim Investments in talks to invest $100m. in Koor

Article from:
Jerusalem Post
Article date:
June 29, 2001
Author:
Copyright

SHARON BERGER
Jerusalem Post
06-29-2001
Headline: Poalim Investments in talks to invest $100m. in Koor
Byline: SHARON BERGER
Edition; Daily
Section: Economics
Page: 12

Friday, June 29, 2001 -- In a tersely worded announcement to the Tel Aviv Stock Exchange (TASE), Poalim Investments said yesterday that "initial contacts have occurred concerning the various possibilities of investing up to $100 million in Koor Industries Ltd."

Poalim, which is a member of the Shrem, Fudim, and Kelner group, added that "The contacts are extremely initial, and have not yet reached the negotiation stage."

Rumors have been rampant for several weeks that Tel Aviv-based investment and holding company, Poalim ...

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