Clal Industries Gains Most in Month on Stake Sale to Access

July 8 (Bloomberg) -- Clal Industries and Investments Ltd. advanced the most in more than a month after IDB Development Corp. said it completed the sale of a stake in the investment company to Access Industries Holdings Inc.

The shares increased 3.9 percent, the most since June 7, to 12.53 shekels at the 4:30 p.m. close in Tel Aviv. IDB Holding Corp., which has an 87 percent stake in IDB Development according to data compiled by Bloomberg, gained 5.2 percent to 13.67 shekels.

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