• • MEET DAN BARISH Keil Bids For Hapoalim Jerusalem (JPFS) — United States investor Jeffrey Keil is to meet with government officials to discuss plans to purchase Bank Hapoalim, after having successfully raised about $500 million in the United States, one month ahead of schedule. 1\ The Israeli government is of- f ering for sale control of Bank Hapoalim, the country's largest bank, as part of its privatization program. The Prime Minister's Office recently predicted a sale agreement would be reached be- fore the end of 1997. Mr. Keil, who in the past served as presi- dent of the Republic New York Corp., is scheduled to meet with `-MI Holdings, the government • firm in charge of selling the state's banks, and the Bank of Is- rael. Capital market sources fore- cast the Keil group will submit a bid to purchase a 35 percent stake in Hapoalim, in partner- ship with Israeli businessman Eliezer Fishman, who initially submitted a bid to purchase con- \ __trol of the bank with other in- • vestors. Assuming Mr. Fishman does not take part in the consor- tium, MI Holdings will be re- quired to publish a new tender for the sale of Bank Hapoalim. Merhav, Salem Sell Oil Venture • erusalem (JPFS) — Merhav Mnf. Ltd. of Israel and the Hus- sein K. Salem Group of Egypt have both sold 50 percent of their interests in an oil refinery, cur- rently under construction out- side Alexandria, to the Egyptian General Petroleum Corporation. This means EGPC has now acquired 60 percent of the $1.2 _billion refinery project, which is /the largest Arab-Israeli joint ven- ture to date. Until the sale went ahead, both Hussein K. Salem and Mer- hav owner Yossi Maiman held 40 percent, but have now re- duced their investments from $360 million to $180 million each. The refinery will produce an estimated 100,000 barrels a day, \-9r 5 million tons of crude oil a year, two-and-a-half times the amount Israel annually imports from Egypt. Meridor Considers Joint Projects Jerusalem (JPFS)— Senior gov- ,_ernment officials described Fi- /-nance Minister Dan Meridor's recent visit to Jordan as "highly successful," but said many more meetings are needed to establish real progress on the economic front. During the one-day visit, Mr. Meridor discussed with Jordan- ian officials joint development projects and bolstering trade ties. The first round of talks was held with Crown Prince Hassan, who extended the invitation to Mr. Meridor. The meeting was attended by the U.S. ambas- sadors to Jordan and Israel. The discussions focused on Jordan Rift Valley development projects ahead of a regional con- ference between the two sides. During the meeting, the two discussed the possibility of rais- ing funds abroad for tourist, air- port and other planned projects. Mr. Meridor and some 20 ac- companying Israeli business- people and government officials later toured the valley. The group was met by 60 Jordanian coun- terparts for a conference, where they expressed their desire for improved economic ties. Dan can help you prepare for a secure retirement with investments in such products as The BEST of AMERICA® variable annuities. Dan Barish Vice President Publicity Deadlines The normal deadline for local news and publicity items is noon Thursday, eight days prior to issue date. The deadline for out-of-town obituaries is 10 a.m. Tuesday, three days prior to issue date. All material must be typewritten, double-spaced, on 872 x 11 paper and include the name and daytime tele- phone number of sender. NATIONWIDE reyfus • Fidelity Investments® ADVISORY SERVICES, INC. Nationwide Is on your side Nationwide Advisory Services. Inc. The Dreyfus Corporation Mellon Equity Associates Fidelity Management & Reasearch Company ICI Portfolios, Investors Research Corporation Dan and his associates at Comerica Securities are available to meet with you, at your convenience. For more information on The BEST of AMERICA variable annuities, including charges and expenses, please obtain a prospectus by calling Dan at (810) 948-2902. Please read it carefully before you invest or send money. Before investing, please understand that annuities are not insured by the FDIC, NCUSIF, or any other government agency, are not deposits or obligation of, or guaranteed by Comerica Bank or any of its affiliates, and involve risk, including possible loss of principal. NOT FDIC INSURED May lose value No bank guarantee The BEST of AMERICA variable annuities are underwritten by Nationwide Life Insurance Company, Columbus, Ohio. Variable annuities are offered by Comerica Insurance Services, Inc., an insurance agency and subsidiary of Comerica Bank, and are made available through Comerica Securities, a broker-dealer member NASD/SIPC and an affiliate of Comerica Bank. Eisenberg Is New Zim Chairman Jerusalem (JPFS) — Israel Corp. chairman Shoul Eisenberg was appointed chairman of the board of directors of subsidiary Zim Is- rael Navigation Company at a board meeting, replacing Moshe Arens, who had been appointed to the position only four months ago. Dr. Yoram Sebba, Zim's head of plarming and engineering, was appointed acting director-gener- al, replacing Matty Morgenstern, who resigned at the request of the company's major sharehold- er. Zim is one of the 10 largest container-shipping companies in the world. The company is con- trolled by the government and Israel Corp., which each have a 48.6 percent holding. The re- maining shares are held by pri- vate investors. The changes in Zim's man- agement team are part of a deci- sion by Shoul Eisenberg and his son Erwin to take immediate measures following the compa- ny's losses of more than $2.1 mil- lion in the first nine months of 1996. Industry insiders expect Mr. Eisenberg to implement major structural and managerial changes in the company. The BEST of AMERICA allows you to choose from among 10 of America's top names in money management, including: Nationwide"' and The BEST of AMERICA') are federal service marks of Nationwide Mutual Insurance Company. Copyright 1997, Nationwide Life Insurance Company. .<••• ... ••>„ C o me nc asecur ities , TheBEsT * OF AMERICA® 4 -k * • • • • • • • • • • • • • 'Member LLI / STOP NASD/S IPC (810) 541-5025 Internet . 805 E. MAPLE • ItIRNIINGIIAM (Bet. 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