ISRAEL: Bronfman to acquire 19.8% stake in Super-Sol
Discount Investment Corp is to sell a 19.8% stake in the Israeli supermarket chain Super-Sol to a group led by North American businessman Matthew Bronfman, for US$214m.
Discount Investment Corp is to sell a 19.8% stake in the Israeli supermarket chain Super-Sol to a group led by North American businessman Matthew Bronfman, for US$214m.
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According to reports in the press, the group will initially acquirea 13.9% stake for $150m. It will then buy an additional 5.9% holding for $64m in June 2008.
Super-Sol has a market capitalization of 3.54 billion shekels ($845.7m).
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