British press tycoon Robert Maxwell seems determined to own a bank in Israel.
Frustrated in this efforts to buy the government-owned Israel Union Bank, Maxwell has turned his attention to the United Mizrachi Bank, which is affiliated with Mizrachi, the religious Zionist organization.
According to press reports from Israel, Maxwell’s representative there, Aharon Meir, flew here last week for consolations.
But Maxwell is said to face strong opposition from Australian businessman Max Liberian, who is also interested in the bank.
If Maxwell clinches the deal, Meir is expected to represent him on the Mizrachi Bank board.
Maxwell already owns a 30 percent interest in Ma’ariv, Israel’s second largest daily newspaper, and a major share of Scitex, an Israeli manufacturer of electronics and computers.
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