Elscint, a subsidiary of Elbit Medical Imaging has consummated a transaction for the sale of the manufacturing, assembly, engineering and integration operations of its sub-assemblies and components segment located at its Ma'alot facility in Northern Israel.
Upon consummation of the transaction, the activities of the company in the sub-assemblies and components segment in particular, and in the medical imaging area in general, have as a practical matter been discontinued. As a result, the accompanying financial tables reflect the assets and liabilities, which relate to the discontinuing operations in separate categories in the balance sheet, namely as "assets/liabilities relating to discontinuing operations."
Elscint Limited has interests in hotels in Western Europe, in hotel development projects principally in Western and Central Europe and in the commercial and entertainment center at Herzlia Marina in Israel. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
