A Bank Hapoalim cash machine. (Yonatan Sindel/Flash90)
Global investment manager BlackRock Inc holds a 3% stake valued a some NIS 1 billion ($308 million) in Bank Hapoalim Ltd., the Israeli lender said in a filing to the Tel Aviv Stock Exchange on Sunday.
BlackRock informed the bank of its holdings as of end March 2021, in a notification dated April 29. The US investment manager said that it and its affiliates currently hold a 3.01% stake, or the equivalent of 40,306,222 shares in the bank.
According to Israeli regulation, investors that hold a stake larger than 2.5% in a bank that has no controlling shareholder need to declare their holdings. A stake over 2.5% makes the investor a “significant stakeholder.”
Jefferies leading Nayax s TASE IPO at $1b valuation
Fintech company Nayax has adopted the model of a flotation in Tel Aviv while benefiting from a global investor base.
Are even large Israeli technology companies starting to see the local stock exchange as an alternative to an IPO on Wall Street? This week, fintech company Nayax filed a draft prospectus for a $150 million (NIS 484 million) offering, at a pre-money valuation expected to be over $1 billion - a valuation that in the past would straightaway impel the company s flotation overseas. The flotation includes an offer for sale by the company s founders - brothers Yair and Amir Nechmad and David Ben-Avi - who will sell shares to the tune of NIS 194-234 million.
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Apr. 28, 2021 2:52 PM
“The United Arab Emirates has expressed concern over the acts of violence committed by right-wing extremist groups in the occupied East Jerusalem, which have resulted in injuries among civilians.
“The Ministry of Foreign Affairs and International Cooperation. called upon the Israeli authorities to assume responsibility toward de-escalation and putting an end to all aggressions and practices that perpetuate tension and hostility.
“The Ministry also underlined the necessity of preserving the historical identity of the occupied city of Jerusalem and maintaining maximum self-restraint to avoid the region slipping into new levels of instability in a way that threatens peace.”
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The $1.1 billion deal would be the biggest between the countries since they normalised ties.
Tuesday 27/04/2021
The platform of the Leviathan natural gas field in the Mediterranean Sea as seen from the Israeli northern coastal city of Dor. (AFP)
JERUSALEM An Israeli firm is set to sell its stake in a vast offshore gas project to an Emirati company for $1.1 billion, the biggest commercial deal yet after the two countries normalised ties.
“Delek Drilling of Israel has announced the signing of a non-binding Memorandum of Understanding with Mubadala Petroleum of Abu Dhabi, UAE for the sale of Delek Drilling’s 22 percent non-operated stake in the Tamar gas field,” they said in a joint statement Monday.