Jusidman joins Granovsky-Dankner IDB bid

Daniel Jusidman is known in Israel for his philanthropic donations and is one of the wealthiest men in Mexico.

Another investor has joined the Granovsky-Dankner consortium in the bid to control IDB Holding Corp. Ltd. (TASE:IDBH). IDB today said that Mexican Jewish businessman Daniel Jusidman has joined the consortium of Ukrainian Jewish businessman Alexander Granovsky (Emblaze Ltd. LSE:BLZ), IDB chairman and controlling shareholder Nochi Dankner, Netz Bonds (2009) Ltd. (TASE:NETZ), the Noiman Group which owns garages, and Neto Melinda Trading Ltd. (TASE: NTML).

Jusidman is expected to invest NIS 90 million in the consortium and in the event that they win the tender to control IDB, he will own a 10% stake in the consortium after the debt settlement with bondholders.

Jusidman, 78, is best known in Israel for his philanthropic endeavors, which included a NIS 25 million donation to Beilinson Hospital in Petah Tikva in 2008. He is one of the wealthiest men in Mexico and his family owns the Truper company which manufactures electrical goods for gardening, heavy industry and carpentry.

Later today Eyal Gabbai will submit his opinion to the court on the three bids for IDB.

Published by Globes [online], Israel business news - www.globes-online.com - on November 13, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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