JERUSALEM, June 18 (Reuters) -
* Discount Investment Corp said on Monday it was considering selling shares in Israel’s largest supermarket chain, Shufersal, in an auction to institutional investors.
* Discount Investment, which controls Shufersal with a 50.1 percent stake, said its board of directors instructed the company to examine a possible sale of shares in order to improve its financial flexibility.
* Neither the timing of a possible sale nor the amount of shares to be sold has been set, Discount Investment said in a statement to the Tel Aviv Stock Exchange.
* Discount Investment said there was no certainty it would decide to sell its shares, in an auction or otherwise. (Reporting by Ari Rabinovitch; editing by David Evans)