Developer Africa – Israel struggles
to restructure debt, says Bloomberg

Wednesday, November 18th, 2009

Real estate developer Africa - Israel Investments, owned by Israeli billionaire Lev Leviev is trying to escape bankruptcy after starting to restructure a $2 billion of debt, according to a recent piece by Bloomberg newswire. Leviev s now trying to reach an agreement with Africa-Israel’s creditors to avoid having to seek bankruptcy protection. Africa-Israel bonds make up about 0.6 percent of the total amount of pension savings that Israeli financial institutions manage, the Finance Ministry said in August, quoted by Bloomberg.

Source: Business Review, 16.12.2009
http://www.business-review.ro/property/developer-africa-israel-struggles-to-restructure-debt-says-bloomberg/8554/


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  • “Am lucrat pentru un dezvoltator si ceea ce spun este…”
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  • Replying to readers: “Developers and Real Estate agents have developed a big lie”
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