Clal Insurance is buying 20% of the Africa Israel Residences urban renewal subsidiary, and also investing investing in a joint venture with the parent company.
Construction co Danya Cebus completes TASE IPO
The offering was at a post-money valuation of NIS 1.8 billion.
Construction company Danya Cebus has successfully completed an IPO on the Tel Aviv Stock Exchange (TASE). Demand for the offering was NIS 360.4 million, exactly the amount that the company sought to raise.
Danya Cebus shares will start to be traded on the TASE this week. The IPO took place at a price of NIS 58 per share, giving the company a pre-money valuation of NIS 1.65 billion and a post-money valuation of NIS 1.8 billion. The offering consisted of NIS 146.3 million raised by the company directly, and an offer for sale by Africa Israel amounting to NIS 214.1 million.