IDB sold control of Clal Industries to Len Blavatnik's Access Industries in July last year.
The option held by IDB Holding Corp. Ltd. (TASE:IDBH) to sell its remaining stake (about 10.5%) in Clal Industries for NIS 251 million has expired, IDB reported to the Tel Aviv Stock Exchange this morning.
IDB, which sold control of Clal Industries to Len Blavatnik's Access Industries Inc. in July last year, did not exercise its option to sell its remaining shares in the company at NIS 15 per share. The option expired yesterday.
IDB sold control of Clal Industries to Balvatnik for NIS 1.27 billion, at a valuation of NIS 2.55 billion for the company.
Published by Globes [online], Israel business news - www.globes-online.com - on January 1, 2013
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