The FINANCIAL — Leumi announced that Leumi Partners had signed an agreement with GN Communication Industries Ltd. (wholly owned by Ms Gal Naor, Mr. Yitzhak Tshuva;s daughter) for the sale of both its 20% holding of the share capital in Keshet Broadcasting Ltd. and its rights deriving from the owner's loans of NIS 6.5 million that it had extended to Keshet, for a consideration of $6 million.
Approval of the agreement is conditional on the consent of both the Channel Two Board and Keshet's Board of Directors and on other contingent conditions. Leumi Partners, led by the CEO, Avi Zeldman, aided by Adv. Michal Rabinowitz, Deputy CEO of Leumi Partners and Advocates Dalia Tal, Yehudit Gal-Or and Amir Solar of the Kantor, Elhanani and Tal Legal Offices, conducted negotiations on behalf of the Leumi Group.
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