Knafaim has not yet decided on the precise terms of the offering.
Knafaim Holdings Ltd. (TASE: KNFM), controlled by the Borovich family, today filed a draft prospectus with the Tel Aviv Stock Exchange (TASE) to float its wholly owned subsidiary, Knafaim Global Leasing Ltd., a sister company of El Al Israel Airlines Ltd. (TASE: ELAL).
Knafaim has not yet decided on the precise terms, structure, price, or date of the offering.
Knafaim owns 39.3% of El Al. Knafaim's share price rose 3.4% in morning trading to NIS 16.98, giving a market cap of NIS 235 million.
Published by Globes [online], Israel business news - www.globes-online.com - on July 15, 2010
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