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Phoenix Holdings, unit take more than 5% stake in Gazit-Globe

Phoenix Holdings Ltd. and its Excellence Investments Ltd. unit became an interested party of Gazit-Globe Ltd., with combined holdings of more than 5% of the latter's share capital.

Phoenix owns 7,926,683 shares, or 4.10%, while Excellence holds 1,780,435 shares, or 0.92%, of Gazit-Globe's share capital. Both shareholders also own a "significant principal amount" of various series of Gazit-Globe's outstanding debentures, according to a filing.