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January 6, 2014
05:53 EDTCELCellcom Israel announces court's final decision re
Cellcom Israel announced that, following its previous report in relation to the Israeli court's approval of a creditors' arrangement for IDB Holding, or IDBH, the court's decision has come into force and the condition precedent regarding certain disclosure matters about the Elzstain - Extra group has been met. As a result of the creditors' arrangement, IDB Development, or IDBD, will be controlled by the Elzstain - Extra group, led by Eduardo Elzstain and Mordechai Ben Moshe. The court's ruling includes provisions for the interim period until the closing of the creditors' arrangement, including: the appointment of trustees in IDBH to carry out the execution of the creditors' arrangement and the termination of office of the directors currently serving on IDBH board, and of the directors serving on IDBD's board on behalf of IDBH.
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August 27, 2015
05:25 EDTCELCellcom Israel announces preliminary review of possibility to buy Golan Telecom
Cellcom Israel announced its intention to review the possible purchase of holdings in, or assets of, Golan Telecom, an Israeli mobile network operator and competitor of the company, following an invitation by Bank Rothschild, representing Golan Telecom's shareholders. There is no assurance that the company will make an offer to purchase Golan Telecom nor as to the execution of such a sale. Finally, the company can provide no assurances as to the impact of this sale, and any potential sale of holdings in, or assets of, Golan, on the parties' agreements or the competitive environment in the market.

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