16th Jul 2007 07:00
Leumi International Investments NV16 July 2007 BANK LEUMI LE-ISRAEL B.M. (GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.) Translation of Immediate Report Bank Leumi le-Israel B.M. Registration No. 520018078 Securities of the Corporation are listed on The Tel Aviv Stock Exchange Abbreviated Name: Leumi Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546 Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732 Electronic Mail: [email protected] 16 July 2007 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the Corporation Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970 Nature of the Event: Completion of Sale of Kahal Further to the Immediate Report of Bank Leumi le-Israel B.M. (the "Bank") of 26May 2006, the Bank announces that yesterday, 15 July 2007, the sale wascompleted of the goodwill, management rights, additional rights and means ofcontrol of the Bank and Israel Discount Bank Ltd. ("Bank Discount") in KahalEmployees Supplementary Training Fund Ltd. ("Kahal"), and of the goodwill,activities, assets and liabilities relating to the supplementary training fundsmanaged by Kahal Management of Study Funds (1996) Ltd. ("Kahal Management"), toMigdal Provident Platinum Ltd. ("Migdal"). The consideration paid by Migdal tothe banks and to Kahal Management was some NIS 264 million. The Bank's share ofthe consideration amount is some NIS 150 million, with the Bank's estimated netafter-tax profit from the transaction being some NIS 93 million. Date and time at which the corporation first became aware of the event ormatter: 15 July 2007 at 17:00.________________________________________________________________Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President,Group SecretaryPOB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,Electronic Mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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