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

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Oct. 2 (Bloomberg) -- Harel Insurance Investments & Financial Services Ltd. said its subsidiaries and a unit of Elco Holdings Ltd. 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.

Link to Company News:{ELCO IT <Equity> CN <GO>} Link to Company News:{HARL IT <Equity> CN <GO>}

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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