The majority owners of G. Willi-Food Investments have closed the deal that has seen them sell 42% of the outstanding shares of the company to Arcadi Gaydamak, an international businessman, for NIS171.3m (US$40.5m).

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G Willi-Food Investments is the principal shareholder of the Kosher food group G. Willi-Food International.


As announced in June, Zwi Williger is to sell around 30.5% of his outstanding shares in Willi-Food Investments, leaving him with 8% of the outstanding shares. Joseph Williger, meanwhile, will sell his entire stake.


Under the terms of the agreement for this transaction, Zwi Williger has agreed to continue as CEO of Investments and its subsidiaries, including G. Willi-Food International Ltd.

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