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Economy03:03 · Sep 10

Two Bids of $250 Million Compete for Walmart Israel Tender

By ירדן בן גל הירשהורן, מיכאל רוכוורגרUpdated 2 days ago
Translated & summarized from TheMarker by baba
The story · English

Two bids, each valued at approximately 250 million shekels (around $67 million USD), have reached the final stage of the tender for Walmart's operations in Israel, formerly known as Osher Ad. The competition is intense as both offers are very close in value, indicating a significant financial commitment from the potential buyers.

The tender process is crucial for Walmart's strategic exit from the Israeli market, which it entered through the acquisition of Osher Ad. The outcome will determine the future of these supermarket chains and their employees.

Further details regarding the specific entities submitting these bids and the exact terms of the offers have not yet been disclosed. The final decision is expected soon, marking a significant shift in the Israeli retail landscape.

Read the original at TheMarker
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