Bank Leumi opposes IBI conducting due diligence
IBI slated to lead sale of government's Leumi stake via bourse
Bank Leumi Le-Israel(TASE: LUMI ) CEO Galia Maor recently appealed to MI Holdings and the Ministry of Finance to express the bank's opposition to opening its books for IBI, one of the three underwriters chosen to lead the sale of the government's stake.
Shlomi Katz of Yediot Ahronot reports that the opposition to the due diligence procedure is based on the planned merger of IBI Underwriting with Poalim Capital Markets of the Bank Hapoalim(TASE: POLI ) group.
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