NOF ZION OWNERSHIP IS SAVED

Finally, this particular tale ends well:

Digal Investment and Holdings Ltd. bondholders have withdrawn their support from Palestinian American businessman Bashar Al-Masri in favor of Jerusalem supermarket owner Rami Levy and his partner Australian Jewish businessman Kevin Bermeister, who will buy the company’s Nof Zion residential project in eastern Jerusalem.

The struggle for control of Nof Zion opened in December, when it was revealed that Al-Masri was the client of Adv. Dov Weissglass, who bought the project.

Digal’s bondholders accepted his offer to pay NIS 0.60 per NIS 1 nominal value per bond. The news infuriated Israel’s religious sector, leading to protests and counter bids.

Rami Levy and Bermeister, who founded the file sharing program KAZAA, have now successfully blocked Al-Masri’s bid.

If al-Masri, as some prior reports told, was considered a security threat to Israel, shouldn't there be a law that bars people like him from backdoor interloping?

And who says its just the religious sector that's mad? Non-religious can be too, and are. The article is actually a tad ambiguous, since al-Masri himself, as a PLO supporter, was the problem; Weissglass is second. It's very fortunate this deal with a terrorist supporter was prevented. And laws are going to be needed to stop people like that from taking over property here they don't deserve.