Harel, Elco Units Complete First Stage of U.S. Property Purchase

Harel Insurance Investments & Financial Services Ltd. (HARL) said its subsidiaries and a unit of Elco Holdings Ltd. (ELCO) completed the first stage of a three-part transaction to purchase properties in the U.S., according to a statement filed today with the Tel Aviv Stock Exchange.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Susan Lerner at slerner2@bloomberg.net

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