The shares surged 16 percent, the most since Jan. 11, to 9.8 shekels at the 4:30 p.m. close in Tel Aviv, bringing the company’s market value to 244 million shekels ($62 million). The benchmark TA-25 index advanced 0.4 percent.
Europe Israel Ltd., the controlling shareholder of Elbit, signed a debt arrangement with Hapoalim, TheMarker reported on its website today, without saying where it got the information. Ofra Preuss, a spokeswoman for Hapoalim declined to comment. Motti Scherf, a spokesman for Elbit President Mordechay Zisser declined to comment.
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