No agreement with bondholders, Dankner may lose IDB

Representatives of the bondholders of IDB Holding Corporation decided Friday morning not to sign an agreement with controlling shareholder Nochi Dankner, instead putting his debt to them up for immediate payment.

The decision means Dankner may lose control of IDB in favor of companies that invested in it. The IDB holding group is made up of investment houses Excellence Nessuah, Psagot and Gilad, the York Foundation and the Phoenix insurance company. (Golan Hazani, Calcalist)