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Israel: Real estate co divests malls to comply with merger agreement

 |  February 13, 2013

Under terms of an antitrust agreement, real estate company Melisron, who was allowed to acquire British Israel by authorities, has sold two of its malls for more than $271 million. Melisron has sold the malls to a group of insurance companies, according to reports. The chairwoman for the company has also announced more property sales in the future.


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