Deal Snapshot: Dutch-Israeli Kardan to Reduce Stake in Kardan Israel

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MANAVIGATOR-October 30, 2009-Deal snapshot: DUTCH-ISRAELI KARDAN TO REDUCE STAKE IN KARDAN ISRAEL (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Dutch-Israeli holding firm Kardan (AMS:KARD) has inked an agreement to sell the majority of its 74% stake in Kardan Israel (TLV:KRIS) for an undisclosed price, to improve its cash and capital position.

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Deal Snapshot: Dutch-Israeli Kardan to Reduce Stake in Kardan Israel

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