The IDB Group ("Group" or "IDB") is a central business group in the Israeli economy. IDB holds leading corporations in key business sectors in the Israeli market alongside extensive, global activities in a broad range of fields.
____________________________________________________________________________________________
Other Senior Executives
Avi Fischer
Deputy Chairman, IDB Development Corporation Ltd., and Joint Chief Executive Officer, Clal Industries & Investments Ltd.
Zvi Livnat
Deputy Chairman, IDB Development Corporation Ltd., and Joint Chief Executive Officer, Clal Industries & Investments Ltd.
Ami Erel
President and Chief Executive Officer, Discount Investments Corporation Ltd.
____________________________________________________________________________________________Line of Business Investment Holdings
Established 1969
______________________________________________________________________________________________
Community Involvement and Social Responsibility IDB Group regards contributions and assistance to communities in Israel as a central pillar of its business vision, which fosters a responsibility towards society in Israel stemming from the conviction that business leadership goes hand-in-hand with ethical-social leadership. Therefore, alongside its desires, aspirations and actions geared towards the creation of shareholder value, IDB positions the continual support of communities in Israel as a prime strategic principle.
Based on ongoing commitments to contribute to the development of the country and its strengthening, and based on IDB's social duty and moral obligation to work for Israeli society, the group companies contribute independently, and through the IDB Foundation for the Community, to projects in various areas which the group, through its vision and social responsibility policy objectives, has set goals for which it is interested to focus.
Since 2006, and to date, the group has contributed and directed more than NIS 400 million to some 200 projects, most of which were designed to assist communities in the Galilee and the Negev, focusing mainly on education, health, culture, sports and social welfare.
The IDB Group is comprised of four holding companies, which allow the Group to operate with greater business and financial flexibility. The Investment Arm – including the communications, retail and real estate sectors – Discount Investment Corp. Ltd.; The Industry and Technology Arm – Clal Industries & Investments Ltd.; The Insurance and Finance Arm – Clal Insurance Enterprises Holdings Ltd.; and The International Investment Arm – Koor Industries Ltd.
Credit Suisse Group AG (SWX: CSGN/NYSE: CS) In October 2008, the IDB Group became a leading shareholder of Credit Suisse, one of the world's leading banks. Specializing in the fields of Private Banking, Investment Banking and Asset Management, Credit Suisse provides individuals, corporate, institutional and governmental clients worldwide with holistic financial solutions. Founded in 1856, the bank boasts a long tradition and many years of experience in the banking business. Credit Suisse is active in over 50 countries with 50,000 employees from 100 different nations.
Clal Insurance Enterprises Holdings (TASE: CLIS) One of the leading insurance and financial services groups in Israel. The company operates in the insurance, finance and non-bank finance sectors and manages over $42 billion of assets in a broad range of fields.
The group focuses on the growth and expansion of its activities in the fields of insurance and financial services in the Israeli economy alongside global markets.
Modiin Energy Limited Partnership (TASE: MDIN) A leading oil and gas exploration partnership in Israel, with a diversified portfolio of offshore licenses, in which it is expected to conduct exploration drilling. The participation units are included in the TA 100 and the TA-100 Oil and Gas indices.
IDB Tourism (2009) Ltd. Israel’s largest and leading tourism group provides diverse tourism and aviation services to end consumers (B2C) and travel agencies (B2B) in a one-stop-shop format of services and products for customers’ convenience.
Discount Investment Corporation Ltd. (DIC)
DIC invests in market leaders in the Israeli economy focusing on the communications and commerce sectors in addition to its real estate arm Property and Building Corp. and its international investment arm – Koor Industries. Major holdings include the following companies:
Makhteshim Agan (through Koor) Makhteshim Agan Industries is the world's leading developer, manufacturer and distributor of branded off-patent crop and non-crop protection products. In 2006, the IDB Group acquired control of the company. The company has a wide range of products and in 2011, its sales totaled some $2.6 billion. About 96% of its produce is sold overseas in over 120 countries through strategically located local subsidiaries, and its plants are located in Israel, Brazil, Poland, Colombia, Spain, Italy and Greece. The company has over 4,000 employees working to manufacture, market, and distribute the company's products. During October 2011, the merger between Makhteshim Agan and ChemChina was completed. Upon completion Makhteshim Agan became a private company owned jointly by the Government of China, through ChemChina (60%) and IDB, through Koor (40%).
Cellcom Israel (NYSE & TASE: CEL) – Israel's largest, leading cellular communications service operator, with some 3.4 million customers (an estimated market share of 35%). In September 2005, the IDB Group acquired the controlling stake in Cellcom for some $1.35 billion. In February 2007, Cellcom held a successful offering on the New York Stock Exchange.
During August 2011, a merger of Cellcom with 013 Netvision, Israel's leading internet and telecommunications company was completed. The newly merged company offers a comprehensive basket of communications solutions, for both residential and business customers.
Shufersal (TASE: SAE) – Shufersal is Israel's largest, and leading retail chain. Founded in 1958, Shufersal was Israel's first food retailer. Today, Shufersal operates some 270 stores countrywide in various formats and employs over 12,000 employees. In 2011, Shufersal sales totaled $3.2 billion and its market share was 21%.
Property & Building Corp. (PBC) (TASE: PTBL) – The real estate arm of the IDB Group. Established in 1961, PBC is one of Israel's leading real estate corporations. PBC specializes in the acquisition, entrepreneurship, development and management of income producing properties as well as residential real estate. Among its income producing properties in Israel are business parks, hi-tech parks, office and commerce centers, with a combined one million square meters and an average occupancy rate of 96%. PBS also has 820 thousand square meters of land reserves. PBC operates in Israel via the following subsidiaries: Gav-Yam, ISPRO, and Nave Gad. Furthermore, the company is also involved in agriculture via Mehadrin, a leading exporter of citrus fruit. PBC's international activities are concentrated in the US, India, Germany, Switzerland and England and focus on the acquisition of quality income generating properties, income generating project entrepreneurship and development, and the marketing of residential real estate.
Given Imaging (NASDAQ & TASE: GIVN) – Given Imaging has redefined the field of gastrointestinal disorders (GI) by developing, producing, and marketing innovative, patient-friendly products for diagnosing GI disorders. Given Imaging pioneered the field of capsule endoscopy with its PillCam capsule, and currently offers a range of PillCam video capsules and related products. The company operates in more than 70 countries, including the US, Japan, Brazil, Germany, the UK and more, and has a sizeable international presence with a worldwide customer base of about 1.25 million patients.
Elron (TASE: ELRN) – A leading technology holding company, engaged in the identification and building of leading companies with Israeli technology. Elron nurtures the value of its group companies through its active involvement in their management. Group holdings include BrainsGate, which develops systems for stroke recovery; Pocared, which develops systems for automatic, high throughput IVD – bacteriological testing in body fluids; and NuLens, specializing in technologies for the ophthalmic markets.
Clal Industries & Investments Ltd. (CII) CII holds a portfolio of investments in various fields, ranging from manufacturing-oriented activities in low technology companies to high technology firms. Among CII's major operational holdings are the following companies:
Nesher – Israel's building sector leader for the past 85 years, Nesher is Israel's only manufacturer of cement. Since its establishment, Nesher has become a driving force in Israel's industry by producing the highest quality of products and upholding a commitment to customers and to environmental protection. The company has three plants, located in Ramle, Haifa and Har-Tuv. The company's Ramle facility is its flagship plant and is among the world's largest, leading factories in terms of capacity, advanced production technology and environmental protection. At the end of 2009, Nesher completed the construction of a 50 Megawatt power station fueled solely by natural gas.
Hadera Paper (TASE: AIP) – The Hadera Paper Group is Israel's leading manufacturer and marketer of paper and paper products. The group's subsidiaries are market leaders in various fields, such as printing and copy paper, packaging and cardboard paper, and household consumer products. The company implements a strategic plan in Turkey through a joint venture with the global Kimberly-Clark that includes massive investments and penetration of the Turkish market. Hadera Paper is Israel's first industrial company to have converted its energy generation system to a full natural gas- based energy system, and is a market leader in the fields of paper, cardboard and plastic recycling. In 2010, following an investment of some NIS 700 million, the company completed the establishment of a new paper manufacturing line ("machine number 8") which increases the recycling rate of waste paper used as raw material for the machine.
Golf & Co. (TASE: GOLF) – The largest, leading retail chain in Israel in designer fashion, housewares and home design, with over 250 stores countrywide. Today, more than 1,700 employees are employed at the Group's stores under the well-known brand names of Golf & Co., Golf, Golf Kids & Baby, Max Moretti, Polgat, Intima, among others. The group's remarkable growth and financial results are particularly noteworthy in light of the intense competition prevalent in this industry. During 2010, the Group acquired the Blue Bird chain of stores.
Clal Biotechnology Industries (TASE: CBI) – Israel's largest biotechnology investment company. CBI aspires to actively participate in the management and guidance of portfolio companies, in particular companies in which it holds a major stake. The company seeks to create value by increasing the value of current investments, to contribute to the furthering of activities of portfolio companies and to realize holdings under the right circumstances. The company strives to identify investments with suitable, potential returns in companies in advanced clinical phases and earlier phases alike. In 2007, the company held an IPO on TASE. Prominent holdings include MediWound, Andromeda, CureTech, and PolyHeal.
ADDRESS 3 Azrieli Center, The Triangle Tower, 44th and 45th Floors, Tel Aviv 67023 TEL 972-3-6075666 FAX 972-3-6075667 E-MAIL info@IDB.co.il WEBSITE www.IDB.co.il
DISCOUNT INVESTMENT CORPORATION LTD. TEL 972-3-6075888 FAX 972-3-6075889 WEBSITE www.dic.co.il
CLAL INDUSTRIES & INVESTMENTS LTD. TEL 972-3-6075777 FAX 972-3-6075778 WEBSITE www.cii.co.il