Koor Industries Closes Deal To Buy HSBC Building In New York
JERUSALEM -(Dow Jones)- Koor Industries Ltd. (KOR.TV) said Sunday it has
completed a deal to buy the main building of HSBC Holdings PLC (HBC) in New York
for $330 million.
Koor said the sale will be completed and it will have rights to the building
by March 10, 2010.
Koor has bought the building in cooperation with its sister company Property
and Building Corp. Ltd. (PTBL.TV).
Both Koor, a holding company with interests mainly in telecommunications,
other technological development and manufacturing, and Property and Building, a
construction company, are partly held by Discount Investment Corp. Ltd. (
DISI.TV), a large Israeli holding company.
On Sunday, shares of Koor closed up ILS0.10, or 0.09%, at ILS117.00 ($30.80),
shares of Property and Building closed down ILS3.80, or 1.35%, at ILS277.80, and
shares of Discount Investment closed up ILS0.80, or 0.85%, at ILS94.70 in a
higher Tel Aviv market.
-By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com
(END) Dow Jones Newswires
11-22-091149ET
Copyright (c) 2009 Dow Jones & Company, Inc.
|