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German Bank Forms Company with Israel to Promote Israel-made Goods

Koor, a company owned by the Histadrut, Israel’s labor federation, and the German Trade Union Bank for Cooperatives have formed a joint Industrial Services Company to obtain markets for Israel-made goods abroad, the German publication Deutschlanberichten reported today.

The partners each hold 50 percent of the shares in the new joint enterprise. The initial capital was reported to be 2,000,000 marks ($500,000).