logo
Share SHARE
FONT-SIZE Plus   Neg

Elbit Imaging Executes Definitive Deal With Bank Hapoalim - Quick Facts

Elbit Imaging Ltd. (EMITF), an Israel-based holding company engaged in the real estate development & operations, announced Monday that it has entered into a definitive agreement with Israel-based financial group Bank Hapoalim B.M. (BKHYY.PK) on the basis of the general terms of agreement that were approved by the company's unsecured financial creditors.

The agreement follows the receipt of the requisite approval from its unsecured financial creditors.

Consequently, the condition precedent included in the adjusted plan of arrangement, pursuant to which an understanding will have been reached between the Company and the Bank, was fulfilled, the company noted.

The closing of the definitive deal is subject to certain other conditions precedent, including the approval of the arrangement by the Tel-Aviv Jaffa District Court, the closing of the arrangement and such other customary conditions precedent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
While Democrats have largely been critical of the Republican tax reform plan, President Donald Trump has claimed the proposal has some bipartisan support. Trump suggested to reporters ahead of a meeting with members of the Senate Finance Committee on Wednesday that "people on both sides" support the tax reform plan. Healthcare is very expensive in the U.S., in fact among the most expensive in the world by most measures. Health care facilities are largely owned and operated by businesses in the private sector. Most Americans have access to health care, though costs and services vary from state to state. However,... Electronic Arts Inc. said it is shutting down its Visceral Games Studio and making major changes to its upcoming Star Wars project currently being developed by the studio. Visceral Games is best known for creating the "Dead Space" series.
comments powered by Disqus
Follow RTT