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Clal Insurance Drops Most in Week as IDB Talks With Permira End

Clal Insurance Enterprise Holdings Ltd. (CLIS) fell the most in a week after IDB Holding Corp. said talks to sell a stake in the insurer to Permira Advisers LLP ended.

Clal shares slumped 3.4 percent, the most since Sept. 14, to 52.45 shekels at 10:45 a.m. in Tel Aviv. IDB shares slipped 0.9 percent to 49.80 shekels.

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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