Aura Buys Beit B'Kfar For $460 Million In Major Deal
Translated & summarized from Maariv by baba
Aura, controlled by Yaakov Attarachi, has agreed to acquire Beit B'Kfar for NIS 1.7 billion. The Blushtein family will receive NIS 935 million in cash for their controlling stake. The deal includes a tender offer for remaining shares and is subject to approvals. Beit B'Kfar operates five protected housing facilities and has ongoing development projects.
The story in 5 lines · by baba
- Aura agreed to acquire Beit B'Kfar for NIS 1.7 billion in a major deal.
- The Blushtein family will receive approximately NIS 935 million in cash for their controlling shares.
- Aura will make a full tender offer for the remaining Beit B'Kfar shares.
- Beit B'Kfar operates five protected housing facilities with 975 units.
- The company is developing an additional 884 units in three separate projects.
Aura, controlled by Yaakov Attarachi, has signed an agreement to acquire Beit B'Kfar for NIS 1.7 billion (approximately $460 million). The deal involves purchasing the controlling shares from the Blushtein family and a full tender offer for the remaining shares, with both parts contingent on each other.
The Blushtein family, which holds about 55% of Beit B'Kfar through private companies, will receive approximately NIS 935 million in cash. Aura plans to offer other shareholders NIS 24.31 per share, the same price as for the controlling shareholders, but with a different payment structure: 30% cash and 70% in Aura shares. This share allocation will be based on a valuation of approximately NIS 5.5 billion for Aura.
Beit B'Kfar operates five protected housing facilities with 975 units, currently at about 90% occupancy. The company is also developing an additional 884 units across three projects in Be'er Yaakov, Modi'in, and Kibbutz Usha. In 2025, Beit B'Kfar's revenues totaled approximately NIS 109.6 million.
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