Tzachi Abu and Tamir Cohen Acquire Control of Real Estate Firm Wi-Box
Tzachi Abu, through his company Gefen Megurim, has acquired a 25% stake in the real estate company Wi-Box, marking a significant move after a previous deal for GCity fell through. The acquisition, valued at approximately 80 million shekels, was made from Yaakov Gorsad, who will retain a 13% share and joint control with Abu and Tamir Cohen. Cohen, former CEO of Shikun & Binui, is joining Abu in this venture, acquiring 5% of Gefen Megurim's stake and an additional 1% personally. Wi-Box operates in income-generating real estate, residential development, and urban renewal, holding a 50% stake in Yigal Dami's urban renewal company and managing its own "evacuation and construction" projects. The company's activities span residential, income-generating properties, and urban renewal. Other significant shareholders in Wi-Box include Yitzhak Tshuva with 8.3% and David Fattal through Fattal Holdings with 8%. The previous deal for Abu to acquire control of GCity from Haim Katzman for 661 million shekels was mutually terminated after Abu included Yeshpro without Katzman's consent.
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