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U.S.-based Bankers Trust Co., in a move...

U.S.-based Bankers Trust Co., in a move that could hurt Israel’s Labor Party in next month’s general election, has filed a lawsuit to break up Israel’s biggest industrial concern, trade union-owned Koor Industries Ltd. Bankers Trust, Koor’s largest foreign creditor, filed the suit in a Tel Aviv court, demanding immediate repayment of a $20-million loan, a Koor spokesman said. The court gave Koor, a diversified manufacturer, 10 days to respond to the suit.


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