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Economy16:21 · 2h ago

Melisron Withdraws Bid to Buy 51% of Golden Mall from Migdal Amid Regulatory Hurdles

Calcalist
Translated & summarized from Calcalist by baba
The story · English

The planned acquisition of a 51% stake in Golden Mall by Melisron from Migdal has collapsed. Melisron withdrew its merger request after the Israeli Antitrust Authority imposed numerous conditions and questions, complicating the approval process. Two weeks ago, Migdal purchased the Gindi brothers' shares for 840 million shekels, signaling its skepticism that Melisron would secure regulatory approval. Further updates on the expansion plans will be provided later.

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