Africa-Israel buys Migdal’s half of Anglo-Saxon

Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) is buying out its partner in Anglo-Saxon Real Estate (Israel 1992) Ltd., Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL), for NIS 7.5 million. For the past 14 years, Africa-Israel has owned 51% of the agency and Migdal 49%.