Bank Leumi lowers stake in Kenon Holdings to 6.95 pct

Kenon Holdings

23/06/2016 15:45

TEL AVIV, June 23 (Reuters) - Israel's Bank Leumi  LUMI.TA  
sold a 7.08 percent stake in Kenon Holdings  KEN.TA  for 159 
million shekels ($41.6 million) to Ansonia Holdings Singapore, 
reducing its stake in the holding company to 6.95 percent. 
    Leumi, Israel's second-largest bank, said on Thursday it 
sold 3.8 million shares at 42 shekels a share and expects to 
book a pre-tax gain of 9.5 million shekels from the sale. 
    Ansonia already controlled 46.27 percent of Kenon prior to 
this latest purchase. 
    Shares in Kenon, which was spun off from conglomerate Israel 
Corp  ILCO.TA  last year, rose 4.3 percent to 41.72 shekels in 
Tel Aviv. 
($1 = 3.8203 shekels) 
 
 (Reporting by Tova Cohen, Editing by Ari Rabinovitch) 
 ((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters 
Messaging: tova.cohen.thomsonreuters.com@reuters.net)) 
 
Keywords: KENON HOLDINGS BANK LEUMI/