Africa Israel Investments Ltd., diamond billionaire Lev Leviev's real estate holding company, has no need to divest assets to pay down debt after selling shares last week, Chief Executive Officer Izzy Cohen said.
The property company would only sell Israeli real estate if a disposal yielded better returns than holding on to the assets, Cohen, said at a press conference in Tel Aviv on Sunday.
"Africa Israel is servicing its debt, and there's no particular reason to sell assets to service it," said Cohen, who took over as CEO two weeks ago.
