Economy · Full coverage
Migdal Acquires Gindi Brothers' Stake in Golden Mall as Tel Aviv Stock Exchange Awaits New Trading Week
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 13 hours ago
What happened
Migdal Insurance is acquiring the Gindi brothers' 25% stake in the Golden Mall for 840 million shekels, aiming for full ownership and management control. The Tel Aviv Stock Exchange prepares for a new trading week amid mixed Wall Street futures and rising oil prices, while June closes with significant declines in major Israeli indices.
- 01Migdal Insurance buys Gindi brothers' 25% stake in Golden Mall for 840 million shekels.
- 02Migdal's ownership rises to 100%, with plans to manage the mall directly.
- 03The deal includes 400 million shekels for above-ground and 440 million for new underground retail space.
- 04Melisron's stalled 2025 deal to buy 51% of the mall is linked to this transaction.
- 05Tel Aviv Stock Exchange opens new week after slight Wall Street declines and positive futures.
- 06Oil prices and US bond yields rise; Israeli indices down sharply in June.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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