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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 13, 1995
AMPAL-AMERICAN ISRAEL CORPORATION
(Exact Name of Registrant as Specified in Charter)
NEW YORK 0-538 13-0435685
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1177 Avenue of the Americas, New York, New York 10036
(Address of Principal Executive Offices) Zip Code
Registrant's telephone number, including area code (212) 782-2100
_________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 13, 1995, the Registrant issued the following press release:
"AMPAL-AMERICAN ISRAEL CORPORATION SUBSIDIARY
TO PURCHASE OFFICE BUILDING IN NEW YORK CITY
New York...Ampal-American Israel Corporation announced today that one of its
subsidiaries has notified Massachusetts Mutual Life Insurance Company that it is
exercising its option to purchase 800 Second Avenue, New York, New York from
Massachusetts Mutual. The purchase price of the building is $45 million, to be
paid in cash at a closing scheduled for June 28, 1995.
Approximately 45% of the 290,000 square foot office building is rented to the
Government of Israel and most of the balance of the building is occupied by
other governmental and private tenants.
Ampal and its subsidiaries acquire interests in businesses located in the State
of Israel or that are Israel-related. An important objective of Ampal is to make
investments in companies which take advantage of growth in Israel's domestic
economy. Ampal and its subsidiaries have diversified interests in the following
sectors: hotels and leisure-time, real estate, energy distribution, basic
industry, high technology and communications, as well as others."
Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AMPAL-AMERICAN ISRAEL CORPORATION
Date: June 15, 1995 By: /s/ Lawrence Lefkowitz
Lawrence Lefkowitz, President
