Migdal Insurance in talks to buy TA real estate from Gaydamak

Ocif Investment and Development, the property company controlled by Israeli businessman Arkady Gaydamak, climbed for a fifth day, increasing NIS 1.21, or 2.5%, to 48.93. Migdal Insurance Holdings Ltd., Israel's biggest life insurer, is in talks to buy Tel Aviv real estate from Gaydamak for NIS 1.5 billion, according to themarker.com.