Harel Insurance to Sell Finance Unit for 84 Million Shekels

Harel Insurance Investments & Financial Services Ltd. (HARL) agreed to sell unit Harel Finance Trade & Securities Ltd. for about 84 million shekels ($22 million) to A-Online Capital AOC Ltd. (AOC), according to a filing with the Tel- Aviv Stock Exchange.

Harel Insurance dropped 2.1 percent, the most since April 15, to 139.30 shekels at 11:24 a.m. in Tel Aviv. A-Online rose 10 percent, the most since November 2011, to 0.275 shekel.

To contact the reporter on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net

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

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