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Harel, Migdal Will Join to Buy Tel Aviv Tower: Calcalist Link

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Jan. 18 (Bloomberg) -- Harel Insurance Investments & Financial Services Ltd. will join Migdal Insurance & Financial Holding Ltd. in buying an office building at Tel Aviv’s Haargaz project, Calcalist said, without disclosing where it obtained the information.

Each insurance company will invest 300 million shekels for a 25 stake in the project, the daily financial paper said. A spokesman for Harel had no immediate response when contacted by phone.

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To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net

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