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Sale of Shares in Hot - Completion of Transaction

3rd Aug 2009 13:11

RNS Number : 7729W
Leumi International Investments NV
03 August 2009
 



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 House34 Yehuda Halevi Street, Tel Aviv 65546

Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732

Electronic Mail: Yaelru@bll.co.il

 3 August 2009

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 Report: Sale of Shares of Hot

Further to the Immediate Report of 3 May 2009, Bank Leumi le-Israel B.M. (the "Bank") announces that on 3 August 2009, the transaction was completed between the Bank and Cool Holding Ltd. for the sale of 11,376,902 Ordinary Shares of Hot - Communications Systems Ltd. held by the Bank (the "Shares") to Cool Holding Ltd., for a consideration of NIS 381,126,217.

The Bank's expected profit from the sale of the Shares is some NIS 120 million.

 

Date and time at which the corporation first became aware of the event or matter:

3 August 2009 at 12:30.

________________________________________________________________

Name of Electronic Reporter: Yael Rudnicki, Position: Group Secretary

POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732, 

Electronic Mail: Yaelru@bll.co.il

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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