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Investor Aharon Frankel Boosts Alony Hetz Stake to 20%
Investor Aharon Frankel has increased his stake in Alony Hetz to 20% with an additional 121 million shekel investment, making him the largest shareholder. His total investment in the real estate holding company now exceeds 1.4 billion shekels.
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What happened
- 01Aharon Frankel now holds 20% of Alony Hetz after investing an additional 121 million shekels.
- 02Frankel's total investment in Alony Hetz, a real estate holding company, has reached approximately 1.4 billion shekels.
- 03Natan Hets, CEO and founder of Alony Hetz, holds a 12.24% stake in the company.
- 04Alony Hetz's stock price has fallen 10% since Frankel's initial investment, while the Tel Aviv 125 index rose 91%.
- 05Frankel also has stakes in Tamar Petroleum and controls Yovision, a munitions manufacturer.
Despite the company's recent asset revaluations and a decline in its stock price since his initial investment, Frankel continues to expand his holdings. He also has significant investments in other companies, including Tamar Petroleum and Yovision.
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