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Bank Leumi Invests $300 Million in Shamir Engineering
Bank Leumi's investment arm, Leumi Partners, is investing NIS 1.14 billion in Shamir Engineering, valuing the company at NIS 1.14 billion. This deal provides NIS 114 million to founders Moshe Shershov and Yosef Roda, who will sell 10% of their shares.
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What happened
- 01Leumi Partners is investing NIS 1.14 billion in Shamir Engineering, valuing the firm at NIS 1.14 billion.
- 02The deal provides NIS 114 million to founders Moshe Shershov and Yosef Roda, who are selling 10% of their shares.
- 03Shamir Engineering's revenue is projected to reach NIS 700 million in 2026, with EBITDA exceeding NIS 100 million.
- 04The company specializes in industrial and infrastructure projects and has a backlog of NIS 800 million.
- 05The investment is a step towards a potential IPO on the Tel Aviv Stock Exchange within two years.
The investment follows significant growth in the company's revenue and profits, and it sets the stage for a potential IPO within two years.
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