Africa-Israel Investments Ltd. fell to the lowest level in almost a year after Globes business daily reported that the real estate company owned by businessman Lev Leviev may need to restructure obligations in 2014.
Richard Marin , former chief executive officer of Africa Israel USA , sued the company and its Israel- based parent, saying he was fired after uncovering “serious instances of self-dealing and conflict of interest.”
Africa Israel USA, billionaire Lev Leviev’s U.S. real estate unit, agreed to sell 88 Leonard, a luxury apartment building in Manhattan’s TriBeCa neighborhood, in a deal the company values at about $222 million.
Mobileye NV, a company whose Israeli- developed technology helps stop car accidents, added five investors, including U.S. global asset managers and a Chinese firm, in a $400 million sale of equity that is a step toward an initial public offering.
Africa-Israel Investments Ltd., the holding company owned by billionaire Lev Leviev, headed for a record low after quarterly losses at its property unit widened and a U.S. unit lost control of a Manhattan apartment building.