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Goldman Sachs takes 5% stake in Cellcom

6 Feb 2006

Israeli holding group Discount Investment Corporation (DIC) has agreed to sell a 5% stake in mobile operator Cellcom to the Goldman Sachs Group for ILS112 million (USD23.8 million) in a deal that values the company at ILS2.07 billion. Upon completion of the deal, DIC’s stake in Cellcom will be reduced to 89.5%.

Israel, Cellcom

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