Koor Industries Ltd. (KOR.TV) said Monday it will invest a total 3.5 billion shekels ($875 million) in French retailer Carrefour SA (CA.FR).

Koor has already started the investment process and so far has invested ILS284 million in Carrefour shares.

In the past year holding company Koor has been investing in European companies, including Credit Suisse (CS).

During the first quarter of 2009 ILS163 million of Koor's total net profit of ILS250 million resulted from the buying and selling of Credit Suisse shares.

At 1350 GMT, shares of Koor were down ILS0.43, or 0.43%, at ILS99.45, in a lower Tel Aviv market.

-By Sara Toth, Contributing to Dow Jones Newswires, saratoth@gmail.com