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Blackrock eyes Israel

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Monday, May 28th, 2012

Minister of Finance Yuval Steinitz and other ministry officials today met representatives of Blackrock Inc. (NYSE: BLK) about possible investment in Israel. Ministry of Financeofficials previously met Blackrock representatives in Frankfurt, Germany.

Blackrock is the world’s largest private equity firm, with $3.5 trillion in assets under management.

In a statement, the Ministry of Finance said, “Following the meeting, Blackrock is considering the launch of financial instruments that will be marketed to international investment institutions interested in exploiting opportunities in the Israeli economy.”

Steinitz said, “The fact that a private equity giant like Blackrock in interested in launching activity in Israel is further indication of the soundness of the Israeli economy. We will continue our efforts to bring more investors to Israel.”

Published by Globes, Israel business news – www.globes-online.com – on May 10, 2012