Paz Oil Unit to Sell Solar Subsidiary to Shikun & Binui

Paz Oil Co. said its unit signed a memorandum of understanding to sell its solar unit to Shikun & Binui Ltd. (SKBN) for an estimated 40 million shekels, according to a statement filed with the Tel Aviv Stock Exchange late on Sept. 22.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

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.