Shari Arison sold 8.3 million shares in the bank for some NIS 167 million.
Shari Arison, who holds the controlling interest in Bank Hapoalim (TASE: POLI), has sold shares in the bank to the tune of NIS 167 million, according to a notice by the bank to the Tel Aviv Stock Exchange today.
Arison sold 8.3 million shares that she owned through Salt Industries, a unit of Arison Investments. The sale was an off-floor transaction through IBI Brokerage Services, at NIS 20 per share. This represents a discount of 2.2% on yesterday's closing price.
After the transfer of the shares today, Arison will remain with a stake of about 20% in the bank, worth some NIS 5.7 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on June 1, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
Shari Arison picture: Vardi Kahana