Israel Land Development Company
| Public | |
| Traded as |
NASDAQ: ILDC TASE: ILDC |
| Founded | 1909 |
| Headquarters | Tel Aviv, Israel |
Key people | Yaakov Nimrodi |
| Website | en.ildc.co.il |
Head office in Tel Aviv
The Israel Land Development Company (ILDC) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels.[1][2] It was acquired in 1987 by Yaakov Nimrodi.[1]
History
ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company. It became an Israeli public company in 1953.[1]
Yaakov Nimrodi took control of the company in 1988 with a $26m investment.[3] In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.[4]
References
- 1 2 3 http://en.ildc.co.il/
- ↑ BusinessWeek, Israel land development co (ILDC:Tel Aviv)
- ↑ jewishvirtuallibrary.org, Encyclopaedia Judaica: Nimrodi, 2008
- ↑ Ora Coren and Shlomy Sheffer, Haaretz, 31 December 2006, Nimrodi buys out Ilan Ben Dov's 20% share of ILDC and gains sole control
External links
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