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).
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