Elbit Imaging Surges on Report Owner Signs Debt Accord With Bank

July 5 (Bloomberg) -- Elbit Imaging Ltd. advanced the most in almost six months after TheMarker reported that the owner of the Israeli real-estate company has signed a debt accord with Bank Hapoalim Ltd.

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.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net