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Israeli Retail Giant Multi Retail Acquisition Moves Forward
Ronen Ganon's Zol Stock network is acquiring 72.3% of Multi Retail for NIS 168 million, with Global ACE approving the franchise transfer. The deal restructures store commitments and includes a $40,000 transfer fee.
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What happened
- 01Ronen Ganon's Zol Stock network is acquiring 72.3% of Multi Retail for NIS 168 million.
- 02Global ACE approved the franchise transfer, fulfilling conditions for control of the Israeli network.
- 03The deal restructures minimum store requirements for Multi Retail to 21 by end of 2027.
- 04The combined entity of Zol Stock and Multi Retail could operate 155 stores with NIS 1.7 billion in annual revenue.
- 05The sellers are Kadma investment fund and Multi Retail CEO Itzik Ozana.
The combined entity could operate 155 stores with NIS 1.7 billion in annual revenue, covering diverse retail sectors.
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