/PRNewswire/ Kenon Holdings Ltd. (NYSE: KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2023 and additional updates. Q1 and Recent Highlights OPC In.
McDermott Will & Emery world employment law update includes COVID legislation, major court rulings, labor protection updates, and tax laws for the countries of Israel to Malaysia, as part of global labor reports.
By David Kaminski-Morrow2021-01-25T08:20:00+00:00
Israeli leisure carrier Israir’s trustee has disclosed that the sale of the airline to new owners BGI Investments has been completed, after a long competitive bidding process.
The trustee has informed a Tel Aviv court that, following approval of the BGI bid on 1 January, the sale was completed on 21 January.
According to the court submission 51% of Israir’s capital has been transferred from Israir parent IDB to BGI Investments, and another 24% has been moved to entity Rami Levy Hashikma Marketing. Rami Levy is a supermarket retail entrepreneur who jointly owns BGI Investments.
A sum of 121.5 million shekels ($37 million) and the remaining 25% of Israir’s capital have been transferred to the trustee’s management. The acquisition agreement includes a put option.