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Electra Consumer Products signs Yeinot Bitan acquisition deal

Electra Consumer Products signs Yeinot Bitan acquisition deal
Electra Consumer Products and The Phoenix will together own 50.05% of supermarket chain Yeinot Bitan.
Electra Consumer Products (TASE: ECP), of the Elco Holdings Ltd. (TASE: ELCO) group, reported this morning that it had signed an agreement for the purchase of the controlling interest in family-owned supermarket chain Yeinot Bitan. Electra Consumer Products will buy 35.05% of the shares in Yeinot Bitan for NIS 194 million, of which NIS 143 million will be against an allocation of shares and NIS 50 million will be through the purchase of shares from Nahum and Nurit Bitan.
At the same time, The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) will buy 15% of the shares in Yeinot Bitan, bringing The Phoenix and Electra Consumer Products total stake in Yeinot Bitan to 50.05%. The Bitan family will continue to own the rest of the sharers. The deal is subject to several conditions, among them approval by the Competition ....

United States , Nurit Bitan , Yeinot Bitan , Zvi Shwimmer , Phoenix Holdings Ltd , Telco Holdings Ltd , Electra Consumer Products , Melco Holdings , Phoenix Holdings , Electra Consumer Product , Competition Commissioner , Consumer Products , ஒன்றுபட்டது மாநிலங்களில் , பீனிக்ஸ் ஹோல்டிங்ஸ் லிமிடெட் , ஏல்கோ ஹோல்டிங்ஸ் லிமிடெட் , எலக்ட்ரா நுகர்வோர் ப்ராடக்ட்ஸ் , ஏல்கோ ஹோல்டிங்ஸ் , பீனிக்ஸ் ஹோல்டிங்ஸ் , எலக்ட்ரா நுகர்வோர் ப்ராடக்ட் , போட்டி ஆணையர் , நுகர்வோர் ப்ராடக்ட்ஸ் ,

Communications Ministry approves Discount Investment sale

Regulators approve Discount Investment sale
The consortium led by Zahi Nahmias s Mega Or will buy 82% of Discount Investment in two stages.
The sale of the 82% controlling stake in Discount Investment is underway. Yesterday evening, the Ministry of Communications approved the sale of the shares by the administrator of IDB Development to the investor consortium led by real estate company Mega Or Holdings Ltd. (TASE: MGOR), which is controlled by Zahi Nahmias. The ministry s approval was required because of Discount Investment s holding in telecommunications company Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL).
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Today the deal was approved by the Israel Competition Authority on condition that Mega Or sells its holdings in the ISPRO centers in Modiin and Kiryat Gat. ....

Tel Aviv District , Tel Aviv , Tzahi Nahmias , Rami Levy , Chen Lamdan , Ministry Of Communication , Telco Holdings Ltd , Tel Aviv District Court , Ministry Of Communications , Cellcom Israel Ltd , Mega Or Holdings Ltd , Discount Investment , Mega Or Holdings , Cellcom Israel , Melco Holdings , தொலைபேசி அவிவ் மாவட்டம் , தொலைபேசி அவிவ் , ராமி வசூல் செய்தல் , அமைச்சகம் ஆஃப் தொடர்பு , ஏல்கோ ஹோல்டிங்ஸ் லிமிடெட் , தொலைபேசி அவிவ் மாவட்டம் நீதிமன்றம் , அமைச்சகம் ஆஃப் தகவல்தொடர்புகள் , செல்காம் இஸ்ரேல் லிமிடெட் , மெகா அல்லது ஹோல்டிங்ஸ் லிமிடெட் , தள்ளுபடி முதலீடு , மெகா அல்லது ஹோல்டிங்ஸ் ,

Rami Levy seeks to join Discount Investment consortium

Rami Levy seeks to join Discount Investment consortium
globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.

Israel General , Kiryat Gat , Tzahi Nahmias , Rami Levy , Melco Holdings , Mega Or Holdings , Rami Levy Communications , Telco Holdings Ltd , Ministry Of Communications , Concentration Committee , Cellcom Israel Ltd , Discount Investment , Cellcom Israel , இஸ்ரேல் ஜநரல் , ராமி வசூல் செய்தல் , ஏல்கோ ஹோல்டிங்ஸ் , மெகா அல்லது ஹோல்டிங்ஸ் , ராமி வசூல் செய்தல் தகவல்தொடர்புகள் , ஏல்கோ ஹோல்டிங்ஸ் லிமிடெட் , அமைச்சகம் ஆஃப் தகவல்தொடர்புகள் , செல்காம் இஸ்ரேல் லிமிடெட் , தள்ளுபடி முதலீடு , செல்காம் இஸ்ரேல் ,

Elco, Mega Or likely to sell Cellcom and Elron stakes

Elco, Mega Or likely to sell Cellcom and Elron stakes
Elco s Salkind brothers and Mega Or s Zahi Nahmias are interested in Discount Investment Corp. for the real estate assets of Property & Building.
Elco Holdings Ltd. (TASE: ELCO) offer to buy between 27% and 29.8% of the shares of Discount Investment Corporation (TASE: DISI) for NIS 400 million demonstrates the potential that controlling shareholders Daniel and Michael Salkind see in realizing and enhancing the company s assets. Discount Investment is a holding company laden with debts, which increases the risk of the investment but also the opportunity to achieve substantial returns on the investment.
As of November 2020, Discount Investment had financial commitments of NIS 3.64 billion and liquid assets worth NIS 1.91 billion, reflecting a debt of NIS 1.73 billion. ....

New York , United States , Tzahi Nahmias , Michael Salkind , Liron Adiv , Las Vegas , Kidon Dahari , Building Ltd , Cellcom Israel Ltd , Israel Properties Rental Corp , Discount Investment Corporation , Property Building Co , Elron Electronic Industries Ltd , Telco Holdings Ltd , Bayside Land Corp , Ltd Gav Yam , Melco Holdings , Discount Investment , Cellcom Israel , Elron Electronic Industries , Mehadrin Tnuport Export , Bayside Land , Gav Yam , Israel Properties Rental , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் ,