The Bank of Jerusalem has bid 515 million shekels ($150 million) for the Israeli unit of Franco-Belgian retail bank Dexia SA, the company said Tuesday. Bank of Jerusalem plans to turn Dexia Israel into a wholly owned subsidiary, Reuters reported.
(Reuters) – The Israeli unit of Franco-Belgian retail bank Dexia SA said on Tuesday it had recieved a buyout offer from the Bank of Jerusalem for 515 million shekels ($150 million).
