Strauss Says Shareholder Sells 5.3 Million Shares

Strauss Group Ltd. shareholder Strauss Holdings Ltd. sold about 5.3 million shares, reducing its stake in the Israeli maker of food products to about 66 percent, the company said in a bourse filing.

Bank Hapoalim Ltd. said in a statement read by a spokeswoman over the phone that it bought the 4.9 percent stake as part of its financial strategy to diversify its investments. Neither company gave a figure for the transaction. The Calcalist said Hapoalim bought the holding for 297 million shekels ($82.8 million).

To contact the reporters on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net Gwen Ackerman in Jerusalem at gackerman@bloomberg.net.

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.