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Dan Transportation Completes Major Shareholder Exit, Investors Gain Control
Dan Transportation has finalized its acquisition, distributing 132 million shekels to 177 members selling shares, with private investors now holding 57% control. Many veteran employees chose to retain their stakes, signaling confidence in the company's future, possibly ahead of a stock market listing.
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What happened
- 01Dan Transportation distributed 132 million shekels to 177 members selling shares in the final acquisition phase.
- 02Private investors, led by CEO Ofir Karni, now hold 57% of Dan Transportation after the acquisition.
- 03A majority of veteran shareholders chose to retain their stakes, signaling confidence in the company's management.
- 04The total transaction was valued at approximately 2.1 billion shekels, with an effective company valuation of 2.8 billion shekels.
- 05Dan Transportation is transitioning from a cooperative to a corporate structure amid significant expansion.
The overall deal was valued at 2.1 billion shekels, with Dan undergoing a significant expansion and transition to a corporate structure.
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