Competition Authority Approves Stop Market Acquisition by Herzl Market
Translated & summarized from TheMarker by baba
The Israel Competition Authority approved the NIS 680 million acquisition of Stop Market by the Dudu Ezra Group's Herzl Market. Bank Hapoalim provided NIS 500 million in financing for the deal, which has now been finalized. The Dudu Ezra Group anticipates its total annual sales will reach NIS 1.5 billion following the acquisition.
The story in 4 lines · by baba
- The Competition Authority approved the NIS 680 million acquisition of Stop Market by Herzl Market.
- Bank Hapoalim provided NIS 500 million in financing to the Dudu Ezra Group.
- The Dudu Ezra Group expects total annual sales to reach NIS 1.5 billion after the acquisition.
- The acquisition deal has been finalized as of Sunday, October 11.
The Israel Competition Authority approved on Sunday, October 11, the acquisition of the Stop Market supermarket chain by Herzl Market for NIS 680 million. The deal has now been finalized, with Bank Hapoalim providing NIS 500 million in financing to the buyer, the Dudu Ezra Group, which owns Herzl Market. The group estimates that its total annual sales after the acquisition will reach NIS 1.5 billion.
Mentioned
