IdB Holdings S.A. is considering to acquire Koor Industries Limited, in oder to simplify the complex structure and to reduce costs. Koor would merge with or be acquired by IDB Holding. This would be done in conjunction with the receipt of a substantial loan from a foreign financial entity, IDB said.

According to the Calcalist financial news, IDB is in talks with KKR for a loan worth hundreds of millions of dollars. Under this new option, an offer would be made to buy Koor shares held by the public, Discount Investment Corporation Limited and IDB Development Corporation Limited and the other option being discussed would merge Koor with another subsidiary, Discount, or make Koor a wholly owned unit of Discount.