Previous reports said Arison Holdings was planning to sell its main investments.
The “Yediot Ahronot” Hebrew daily quoted Arison Holdings chairperson Shari Arison-Dorsman as saying yesterday, “I and Arison Holdings CEO Shlomo Nehama are considering ways of expanding the group’s Israeli holdings in the sectors in which it is active.” This is in direct contrast with previous reports, which said the group was planning to sell its main holdings. Arison-Dorsman denied the report that it was negotiating to sell Arison Holdings’ stake in Eurocom Communications to Eurocom CEO and controlling shareholder Shaul Alovitz.
Arison Holdings began operating in 1993, with the goal of becoming a key player in Israeli investment. The company focuses on four fields: banking, real estate, communications infrastructures, and high tech. Arison Holdings’ investments to date are estimated at $1 billion. The company owns 21% in Bank Hapoalim, and is part of its controlling interest, together with the Dankner family. Arison Holdings is also the main shareholder in the Housing and Construction Holding Company (Shikun U'Binui), which has an annual sales turnover of NIS 3.7 billion.
Published by Globes [online] - www.globes.co.il - on November 11, 2002