Leumi Partners has organized a syndicate of Israeli financial institutions for this purpose.
Bank Leumi (TASE: LUMI) investment house unit Leumi Partners Ltd. has teamed up with Scailex Corp. ltd. (TASE: SCIX; Bulletin Board:SCIXF), controlled by Ilan Ben-Dov, to bid in the acquisition of Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR). Leumi Partners has organized a syndicate of Israeli financial institutions for this purpose.
Earlier reports claimed that Shlomo Nehama also planned to team up with Ben-Dov. The implication is that Scailex is bidding for Partner as an Israeli entity, which later on will give it fewer regulatory problems for permits of the kind that foreign bidders are likely to encounter.
Published by Globes [online], Israel business news - www.globes-online.com - on July 23, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009