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News Breaks
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May 24, 2011
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| 05:28 EDT |  | EMITF |
| theflyonthewall.com: | Elbit Imaging responds to press reports relating to its controlling shareholder | | Elbit Imaging Ltd. announced in response to recent reports in the Israeli media regarding an alleged disagreement between Bank Hapoalim and Elbit's controlling shareholders, Europe-Israel Ltd. and Mr. Mordechay Zisser, that this alleged disagreement has no connection with the long term loan agreement between Elbit and Bank Hapoalim, under which Elbit is in full satisfaction of its payment obligations. Elbit further wishes to clarify and emphasize that there has been no change in its business and operations that would explain the decline in the trading prices of its securities in recent days. Elbit intends to continue implementing its long-term business plan. :theflyonthewall.com |
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May 17, 2012
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| 06:20 EDT | | EMITF |
| theflyonthewall.com: | Elbit Imaging transfers title in the shares of four hotels to PPHE Hotel Group | | Elbit Imaging announced, further to its announcement on April 1 in respect of a Share Purchase agreement with PPHE Hotel Group Ltd and PPHE Netherlands B.V., with regard to the sale of Elbit's holdings in its subsidiaries which own a 50% interest in the following hotels in the Netherlands: the Park Plaza Victoria Amsterdam Hotel; the Park Plaza Utrecht Hotel; the art'otel Amsterdam and the Park Plaza Airport Hotel, that the transfer of title in the shares of the Purchased Companies to PPHE Netherlands B.V. and the payment of the consideration have occurred. The consideration in the transaction consists of: the payment of $23M in cash and the issuance of 700,000 ordinary shares of PPHE to Elbit, with an estimated fair market value of approximately 3.5M. :theflyonthewall.com |
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