Economy · Full coverage
Founders of Israeli Urban Renewal Firm Seek Control by Buying Major Stake for 100 Million Shekels
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 4 hours ago
What happened
The founders of Anshei Ha'Ir are seeking to regain control by buying Rotshtein's 41% stake for about 100 million shekels, following a competing offer. They plan to expand the company's urban renewal projects beyond Tel Aviv amid rising revenues and a recent stock price decline.
- 01Anshei Ha'Ir founders aim to buy Rotshtein's 41% stake for roughly 100 million shekels.
- 02Gefen Megurim offered a 50% premium over Anshei Ha'Ir's current market value.
- 03Founders hold 38% and could increase ownership to 79% after purchase.
- 04Company reported 46 million shekels revenue in Q1, a 30% annual increase.
- 05Anshei Ha'Ir manages over 60 urban renewal projects in the Gush Dan area.
- 06The company’s stock price dropped over 35% since its IPO last year.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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