Israel’s Elbit Imaging unit mulls fundraising via issue of securities

By Susanna Moon

Chicago, Jan. 9 – Elbit Imaging Ltd. said its subsidiary Elbit Medical Technologies Ltd. is considering raising capital or debt on the Tel Aviv Stock Exchange.

The issue of securities would require appropriate market conditions as well as approval of Elbit Medical's board of directors and of the Tel Aviv Stock Exchange, according to a filing with the Securities and Exchange Commission.

Elbit Imaging is a company based in Tel Aviv with interests in commercial centers and other mixed-use real estate projects, predominantly in the retail sector, located in Central and Eastern Europe, hotels, medical industries and devices and residential projects, primarily in India.

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