Buying Egged-Ta avura makes Electra Afikim 3rd largest bus co
Electra Afikim has bought the Egged-Ta avura bus company for NIS 200 million.
Electra Ltd. (TASE: ELTR) has notified the Tel Aviv Stock Exchange (TASE) that its subsidiary Electra Afikim has bought full ownership of the Egged Ta avura for NIS 200 million from the Egged Bus Cooperative and Ta avura Holdings which each had a 50% stake in the bus company. The acquisition makes Afikim the third largest bus company in Israel after Egged and Dan with a fleet of nearly 1,500 buses and estimated annual revenue of NIS 1.2 billion.
Egged-Ta avura has a fleet of 537 buses operating in five clusters in Netanya, Mevasseret Zion, Ma aleh Adumim, the services between the Shafirim park and ride station and Jerusalem, and settlements in Judea and Samaria. Egged-Ta avura s revenue in 2020 was NIS 351 million.
אלקטרה אפיקים רוכשת את אגד-תעבורה תמורת כ-200 מיליון שקל
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אלקטרה מתרחבת בתחום התחבורה הציבורית: אפיקים רוכשת את אגד תעבורה ב-200 מיליון שקל
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אלקטרה מרחיבה משמעותית את זרוע פעילותה בתחום התחבורה:
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Top exec pay keeps rising in Covid year
The aggregate cost of the 100 highest paid executives at TASE companies rose 16% in 2020. Only two women make the list.
If anyone thought that the coronavirus pandemic and its negative effects on the economy would lead to a decline in the compensation cost of senior managers of companies on the Tel Aviv Stock Exchange, the financial statements released in the past few weeks for 2020 show otherwise. The trend in the cost of employing the highest-paid managers in public companies is one-way - upwards.
One of the main reasons for this is a far greater element of stock-based compensation than in the past, much of which was paid to senior managers of newly listed companies.