Bank Leumi (TASE: LUMI) shareholder Shlomo Eliahu has picked former Labor Party MK and minister Haim Ramon to head the attempt to organize on behalf of Eliahu Group a controlling core in the bank with Israeli and foreign parties.
Eliahu today questioned outgoing Bank Leumi chairman Eitan Raff about a date for the annual general shareholders meeting, scheduled for late October. "There is a possibility that, in the coming months, a controlling core will be organized to buy shares in the bank," wrote Eliahu. "Needless to say, such an event will be significant and important, and it concerns the selection of the bank's management."
Eliahu added, "In times like these, shocks should be avoided… For this reason, we proposed at the time (January - RR) the appointment of only one director with stature."
Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2010
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