Zur Shamir Holdings (TASE: ZUR) subsidiary Direct Insurance - Financial Investments Ltd. (TASE: DIFI) is consolidating its holdings. The company's board has approved the sale of subsidiary Yashir Investment House Ltd. to its sister company, IDI Israel Direct Insurance Ltd. (TASE: IDI) for NIS 78.3 million. Assessor Yitzhak Suari Ltd. made the valuation for the sale. IDI will finance the acquisition with a loan from Direct Insurance. The Consumer Price Index (CPI)-linked loan bears 4% interest, and will be repaid after three years. Published by Globes [online], Israel business news - www.globes-online.com - on July 27, 2009 © Copyright of Globes Publisher Itonut (1983) Ltd. 2009