TEL AVIV, Nov 8 (Reuters) - The receiver holding Zeevi Communications' minority stake in Bezeq Israel Telecom reached an agreement with UBS to sell its remaining 6.94 percent stake in Bezeq for 1.53 billion shekels ($406.9 million), the company said on Sunday.

The 184.33 million shares were priced at 8.318 shekels each, Israel's largest telecoms group said in a statement to the Tel Aviv Stock Exchange.

The shares were placed into receivership after businessman Gad Zeevi went bankrupt six years ago.

Last month the receiver sold 4.52 percent of Bezeq through UBS for 976.8 million shekels. At the time the receiver agreed not to make another deal with the rest of Zeevi's shares until at least Dec. 1 but UBS agreed to shorten that period, Bezeq said.

In August, the receiver sold a 5.84 percent stake in Bezeq through UBS for 1.15 billion shekels.

Bezeq's controlling shareholder, the Apax-Saban-Arkin group, agreed last month to sell its controlling 30.6 percent stake to Smile Communications for 6.5 billion shekels. The deal is expected to close in April.

($1 = 3.76 shekels)

(Reporting by Tova Cohen; Editing by Sanjeev Miglani) Keywords: BEZEQ UBS/

(telaviv.newsroom@reuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.reuters.com@reuters.net)

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