Haaretz/Shelly Appelberg


Bush Brother Drops Bid for Debt-Ridden Israeli Conglomerate

By Haaretz/Shelly Appelberg

Bush Brother Drops Bid for Debt-Ridden Israeli Conglomerate
The race for control of one of Israel’s biggest conglomerates, Nochi Dankner’s IDB group, took some dramatic turns Sunday as the deadline for offers expired. Neil Bush, brother of former U.S President George W. Bush, dropped out of the running, the Danker group added a new partner and the Argentinian businessman Eduardo Elsztain raised his offer by NIS 100 million to NIS 805 million - but with new strings attached.Read More



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