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IDB Signs Accord to Sell 50% of Its Holding in Clal

IDB Holding Corp.’s unit IDB Development Corp. signed an agreement to sell half of its 61 percent holding in Clal Industries and Investments Ltd. to Access Industries Holdings Inc. in a deal that values the unit at 2.55 billion shekels ($667 million), the company said in an e-mailed statement today.

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