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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Israel Corporation (PK) | USOTC:IRLCF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 224.65 | 177.67 | 277.67 | 0.00 | 12:13:53 |
From Jul 2019 to Jul 2024
HSBC Holdings PLC (HBC) will lead an international team of investors, including Israel Corp. Ltd. (ILCO.TV), planning to invest $350 million in the electric car venture Project Better Place, Israel Corp. said Monday.
Project Better Place, founded by software entrepreneur Shai Agassi, intends to build a network of charging stations for electric cars around Israel and other countries. HSBC will invest $125 million, and Israel Corp. will invest $20.5 million. Additional investors, including Morgan Stanley Investment Management, will contribute the rest of the necessary capital.
After this investment, Better Place will have a value of $1.25 billion. Israel Corp. has already invested about $100 million in Better Place since 2008.
Israel Corp. is a holding company with interests mainly in shipping, chemicals and energy.
At 1308 GMT, shares of Israel Corp. were up 76 shekels ($20.10), or 2.74%, at ILS2,846.00, in a higher Tel Aviv market.
-By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com
1 Year Israel (PK) Chart |
1 Month Israel (PK) Chart |
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