TheMarkerEconomy
Green Lantern to Acquire Up to 40% of Kisu Restaurant Group
Translated & summarized from TheMarker by baba
BusinessNeutral tone
Originalגרין לנטרן תרכוש עד 40% מקבוצת המסעדות קיסו לפי שווי של כ–330 מיליון שקל
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The story in 4 lines · by baba
- Green Lantern will buy up to 40% of Kisu restaurant group.
- The deal values Kisu at approximately 330 million shekels.
- This investment replaces Kisu's planned stock market IPO.
- Kisu reportedly canceled its IPO due to low expected trading volume.
Investment firm Green Lantern, specializing in food and end-consumer services, has signed a memorandum of understanding to acquire up to 40% of the Kisu restaurant group. The deal values the group at approximately 330 million shekels. This potential investment by Green Lantern replaces Kisu's earlier plans for an initial public offering (IPO). Sources indicate that Kisu abandoned the IPO due to concerns that trading volume would be too low.
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