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2 months ago
Israel's Bank Leumi to sell headquarters for 277 mln shekels
June 7, 2017 / 1:43 PM / 2 months ago

Israel's Bank Leumi to sell headquarters for 277 mln shekels

TEL AVIV, June 7 (Reuters) -

* Bank Leumi, Israel's second-largest bank, has agreed in principle to sell its headquarters in the heart of Tel Aviv's financial district to Israel Canada Ltd for 277 million shekels ($78.2 million).

* The bank said on Wednesday it will continue to use the property for three years.

* Leumi expects to post a pre-tax gain from the sale of 260 million shekels.($1 = 3.5424 shekels) (Reporting by Tova Cohen, Editing by Ari Rabinovitch)

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