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An underground parking lot under construction in Tel Aviv collapsed, killing at least two people and touching off an intensive civilian and military effort to unearth people trapped in the debris.
About 30 people, most of them construction workers, were at the site when slabs of concrete folded, police said. Rescue teams extracted almost two dozen people from the rubble, but hours after the collapse, seven people were still missing, police spokeswoman Luba Samri said.
Danya Cebus, the Africa-Israel Investments Ltd. unit that was building the parking facility, said it was investigating the reason for the collapse. Shares in Africa-Israel Properties Ltd. closed down 1.2 percent, compared with the benchmark TA-25 index’s 0.7 percent rise.