TITLE

No Deal in Israel for Cerberus Gabriel

AUTHOR(S)
Hamerman, Joshua
PUB. DATE
May 2007
SOURCE
Investment Dealers' Digest;5/28/2007, Vol. 73 Issue 21, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Cerberus Capital Management and Gabriel Capital have failed to acquire a major bank in Israel. Bank Leumi le-Israel Ltd., as cited, is Israel's second-largest bank with $73 billion in total assets. Moreover, the two firms' option to purchase an additional 10.01 percent of the bank has expired. The country's ministry of finance has declined the private equity firms' request for a seven-month extension to gain the regulatory approval.
ACCESSION #
25273539

 

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