ISRAEL ELIAHU IS hoping to enhance his company’s position in Israel’s banking market. “The sale of the government’s share will pave the way [for us] to put together a controlling-interest group [in Leumi],” the chief executive of Shlomo Eliahu Holdings says, during a lunch with Euromoney. Shlomo Eliahu Holdings, whose chairman, Shlomo Eliahu, is Israel Eliahu’s father, is already the largest private shareholder in Leumi, Israel’s biggest and oldest bank, with a 9.59% stake.
The government retains a controlling stake of 11.5%
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