The Jerusalem PostEconomy
Shuk Hertzel Acquires Stop Market Chain for NIS 680 Million
Summarized from The Jerusalem Post by baba
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Shuk Hertzel, owned by Dudu Ezra Holdings Group, is acquiring the Stop Market supermarket chain for approximately NIS 680 million, with financing from Bank Hapoalim. The deal, approved by the Competition Authority, combines 23 existing branches, with plans to open 10 new ones in the coming year. The merged entity aims to reach NIS 2 billion in annual turnover by the end of 2027. This strategic move is expected to create synergies and expand the group's market presence.
The story in 6 lines · by baba
- Shuk Hertzel is acquiring the Stop Market chain for approximately NIS 680 million.
- The deal was approved by the Competition Authority on October 11, 2026.
- Bank Hapoalim is providing approximately NIS 500 million in financing for the acquisition.
- The combined chains will operate 23 branches, with plans to open 10 more in the next year.
- The group aims to reach NIS 2 billion in annual turnover by the end of 2027.
- The merger is expected to create operational synergies and increase purchasing power.
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