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Azrieli, Bezeq, British-Israel, Delek: Israel Equity Preview

The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the close unless otherwise stated.

The TA-25 Index dropped 0.3 percent to 1,326.44 in Tel Aviv.

Azrieli Group (AZRG IT): The real estate investment company said a unit signed an agreement to buy a property in Ramla for 100 million shekels ($28.4 million). Azrieli was unchanged at 100 shekels.

Bezeq Israeli Telecommunication Corp. (BEZQ IT): The country’s largest communications company said the board will recommend to a general meeting of shareholders to approve a distribution of 3 billion shekels in six equal payments from this year to 2013. Bezeq increased 0.4 percent to 10.82 shekels.

British-Israel Investments Ltd. (BRTS IT): The real estate investment company said a unit will lend 100 million shekels to a partner with whom it shares investment in shopping malls in Haifa. British-Israel gained 2 percent to 13.13 shekels.

Delek Real Estate Ltd. (DLKR IT): The real estate developer said its unit Delek Global Real Estate has agreed to sell to a third-party its holdings in a unit that owns a property in Finland. The company expects to make an estimated profit of 13 million shekels. Delek fell 0.1 percent to 1.359 shekels.

Elbit Imaging Ltd. (EMIT IT): The investor in technology companies, and commercial properties completed the sale of three London hotels to Park Plaza Hotels Ltd. Elbit Imaging rose 2.9 percent to 47.23 shekels.

To contact the reporter on this story: Calev Ben-David in Jerusalem at cbendavid@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg in Jerusalem at phirschberg@bloomberg.net

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