Cresud’s $CRESY IDB Hires JPMorgan to Find Exit for Israeli Clal Insurance

Argentinian tycoon Eduardo Elsztain, the chairman and controlling shareholder of Israeli conglomerate IDB Development Corp (IDBD), is said to have appointed JPMorgan to find an exit strategy for the group’s subsidiary Clal Insurance. IDB Group is one of Israel’s preeminent business groups, holding leading corporations in key business sectors alongside an ever-growing,...

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