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Paz Oil Unit to Sell Solar Subsidiary to Shikun & Binui

Sept. 25 (Bloomberg) -- Paz Oil Co. said its unit signed a memorandum of understanding to sell its solar unit to Shikun & Binui Ltd. for an estimated 40 million shekels, according to a statement filed with the Tel Aviv Stock Exchange late on Sept. 22.

Link to Company News:{PZOL IT <Equity> CN <GO>} Link to Company News:{SKBN IT <Equity> CN <GO>}

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

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