The Finance Ministry's Accountant General's office issued a competitive process Tuesday for the sale of the balance of the State's holdings in Bank Leumi (some 81 million shares constituting approximately 5.37% of the Bank's total share capital)
After the closing of trading on the stock exchange, an invitation was made to propose bids for nine investment banks, after last July the Finance Committee approved the sale of the shares.
The winner of the proceeding will be chosen by the opening date of the next trading day. After the process is completed, the transaction details will be published.