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Economy04:58 · Sep 9

Israeli Financial News Roundup Covers Market Fluctuations and Corporate Deals

By יוסף חרשUpdated 4 days agoOngoing story · 5 updates
Translated & summarized from TheMarker by baba
The story · English

The Israeli financial market is experiencing a dynamic period, with oil prices exceeding $100 per barrel and Wall Street opening negatively, the Dow Jones Industrial Average dropping 0.6%. In corporate news, Discount Capital is investing NIS 41 million in Brand, causing its stock to surge 11%. Energean has signed a new $1.4 billion gas agreement. Altshuler Shaham's controlling shareholders are exploring the sale of their holdings, leading to a jump in the company's stock.

Discussions are ongoing regarding potential buyers for a 25% stake in Carrefour, with the Amir brothers mentioned as potential investors. A significant investment fund, managing $10 billion and previously invested in Google and Nvidia, is preparing for the next technological revolution.

In other news, the article touches upon the financial aspects of divorce, with legal fees potentially reaching tens of thousands of shekels. It also highlights a conflict within a kibbutz, where a company's valuation soared to $9 billion, enriching members, before ultimately collapsing. Another report details a complete breakdown in relations between two prominent families, with accusations of betrayal exchanged.

Read the original at TheMarker
Full coverage · 1 outlets
First: TheMarker · Sep 8

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