Economy03:14 · 1h ago

Amir Brothers Reap Over $90 Million From Shufersal Stake

TheMarker
Translated & summarized from TheMarker by baba
The story · English

The Amir brothers have earned approximately 320 million shekels (about $90 million) in dividends and capital gains from their investment in Shufersal, Israel's largest supermarket chain, over the past two and a half years. This significant return comes as the brothers are reportedly considering selling their stake in the company.

Their investment in Shufersal began in 2019 when they acquired a 19.8% stake. In 2021, they increased their holdings to 20.7%, becoming the controlling shareholders. The brothers' financial success from Shufersal highlights a period of substantial returns for them from their business ventures.

While the article details the financial gains of the Amir brothers, it also touches upon other unrelated news items, including a taxi scam in Paris, a critique of a food company's financial reporting, advice on financial independence, information about autism, investment opportunities in Poland, and details about exchange-traded funds. It also mentions a lawsuit by apartment buyers in Netanya and a discussion about the Israeli currency's performance against the dollar.

Read the original at TheMarker
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