HSBC intends to bid for 36% stake of Israel state-owned bank Leumi

Israel government was planning to sell 36% stake of Leumi Bank . The major manager Yitazhak Klein of MI Holdings, which is responsible for the dealing, quoted the words of Merrill Lynch, saying that HSBC(0005), Unicredit Italiano of Italy and another company intended to bid for the stake of Leumi.Israel government intended to privatize its second largest bank Leumi and expect to finish it before the end of this year. Klein said it didn¡¦t indicate that those companies which were mentioned above would propose to acquire at last. 

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