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Hedge Funds & Alternative Investments
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Israel's IDB asks JPMorgan to seek buyer for Clal Insurance
Argentinian businessman Eduardo Elsztain, the controlling shareholder in Israeli conglomerate IDB Development Corp, said on Wednesday he has appointed JPMorgan to find a buyer for the group's subsidiary Clal Insurance. IDB is required to sell its stake in Clal to abide by Israeli regulatory requirements that prohibit holding companies from…
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Click here to read the full story: Reuters