Representatives of the Shamrock Holdings group today denied a report in the Israeli press of intentions to compete over the controlling interest in Bank Leumi.
Shamrock will not be contending directly nor through Comfy, a Tel Aviv-listed company under its control, sources near the Disney family's investment firm told TheMarker.com.
Yedioth Ahronoth reported today that Shamrock.is teaming up with Israeli businessman Mordechai Yona to bid for a controlling interest in Leumi. The move would be effected through Comfy and other companies under Yona's control, Yedioth wrote.
The paper also reported that Yona is negotiating to buy a 5% Leumi interest held by Otsar Hityashvut Hayehudim. The stake is worth about NIS 600 million.
Yona may well aspire to take over Leumi, but it won't be with Shamrock, evidently.