The children of Raya Strauss Ben Dror have sold their stakes in food company Strauss Group to the children of Raya’s late brother Michael Strauss.
Inbar Group switches to electric bikes
Incoming controlling shareholders will be Blitz Electric Motors, which has developed a light battery for electric bikes with a longer range.
Israeli company Inbar Group Finance (TASE: INBR) saw its share price jump 60% over the past week after announcing that it had signed an agreement to enter the electric bike sector. 60% of its shares will be allocated to the incoming company after Inbar Group s previous activities in stock and derivatives trading collapsed earlier this year when market fell sharply at the start of the Covid-19 crisis.
The incoming controlling shareholders are Blitz Electric Motors, which according to Inbar Group is engaged in manufacturing and marketing electric bikes. Blitz holds unique technology for which a patent has been applied for of a light battery, which is easy to recharge and safe for charging electric bicycles, which can be ridden for a longer journeys.