According to Koor's most recent Tel Aviv Stock Exchange report, it holds about 35.39 million Credit Suisse shares.
Koor Industries Ltd. (TASE:KOR) will record income in the second quarter of nearly NIS 250 million from a Credit Suisse dividend.
Nochi Dankner-controlled IDB Holding Corp. Ltd. (TASE:IDBH) unit Koor holds about 3% of the shares of Credit Suisse. Credit Suisse, which recently released disappointing results but optimism about 2010, represents about 55% of Koor's net asset value. According to Koor's most recent Tel Aviv Stock Exchange (TASE) report, it holds about 35.39 million Credit Suisse shares, and will have to pay tax on the dividend.
Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2010
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