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Importer of DREME Appliances Valued at $270 Million Eyes Stock Market Debut
The investment fund Rakevet Capital plans to list the appliance importer Kristalino on the stock exchange with a valuation near 1 billion shekels. This follows Rakevet Capital's 2023 investment of 250 million shekels for a 50% stake, valuing the company at 500 million shekels.
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What happened
- 01Kristalino, an importer of DREME appliances, is set for a stock market debut valued near 1 billion shekels.
- 02Investment fund Rakevet Capital acquired a 50% stake in Kristalino for 250 million shekels in 2023.
- 03The company was founded 48 years ago by Haim Elbaz and is now run by his sons.
- 04Kristalino also imports electric vehicles and Swarovski jewelry, and owns the SMARTER appliance brand.
- 05The company's portfolio includes Family air conditioners, acquired by Rakevet Capital in 2022.
Kristalino, founded by Haim Elbaz and now managed by his sons, imports DREME appliances, electric vehicles, and Swarovski jewelry, and also owns the SMARTER appliance brand and the Family air conditioning business.
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