80OA Qnb Fin 35

    RNS Number : 5154U
  Bank Hapoalim B.M.
  15 May 2008
   
    Head Office 
    63 Yehuda Halevi St., Bank Hapoalim Bldg., Tel Aviv 65781
    Tel: 03-5673800; Fax: 03-5674576


    Date: 14/05/2008
    Our reference: 802/08


    To    :    The London Stock Exchange



    Dear Sirs, 

    Re:  Immediate Report

    Further to previous immediate reports of 18th September, 2007, 26th September, 2007 and 27th February, 2008 in the matter of the
agreement of 25th September, 2007 (hereinafter: "the Sale Agreement") for the sale of all of the holdings of Bank Hapoalim B.M.
(hereinafter: "Bank Hapoalim") in Bank Massad Ltd. (hereinafter: "Bank Massad") in The First International Bank of Israel Ltd. (hereinafter:
"the International Bank") which constitute 51% of the issued and paid up share capital of Bank Massad (hereinafter: "the Shares Being Sold")
and after all of the permits and approvals required by law have been obtained and all of the conditions precedent required for the
completion of the sale transaction have been fulfilled, Bank Hapoalim hereby announces that today, (14th May, 2008) the transaction was
completed and the Shares Being Sold were transferred to the International Bank, against payment of the sum of NIS 236 million to Bank
Hapoalim.

    Bank Hapoalim will record in its financial statements as at 30th June, 2008 a net profit from the sale of the Shares Being Sold of Bank
Massad amounting to some NIS 48 million.


      Yours faithfully

      Bank Hapoalim B.M.




       ( - )                ( - )
   Barry Ben Zeev      Yoram Weissbrem
  Chief Financial    
     Officer         
                        Secretary of
                          the Bank

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCIIFITEEIELIT

Qnb Fin 35 (LSE:80OA)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025

Qnb Fin 35 (LSE:80OA)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025