Economy · Full coverage
G City Deal Collapses as Haim Katzman Cancels Sale to Tzachi Abu and Partners
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Center 1Unrated 1
First reported by Calcalist · 3 hours ago
What happened
Haim Katzman canceled the sale of a controlling stake in G City to Tzachi Abu and partners after disputes over the deal's structure. The buyers are expected to receive their deposit back, and Norstar's stock dropped amid the fallout. The deal's collapse complicates debt repayment and capital raising plans for G City and Norstar.
- 01Haim Katzman canceled the G City sale to Tzachi Abu and partners after reviewing new partnership terms.
- 02Buyers will likely get back their 20 million shekel deposit following the deal's collapse.
- 03The original deal involved selling 26% of G City shares for 661 million shekels, with a planned second phase.
- 04Katzman was upset that Abu added Yespro-Tanofort as a partner without his consent.
- 05Norstar's stock fell 4.5% amid uncertainty about the deal's completion.
- 06Norstar needs the sale proceeds to repay bondholders and support G City's capital raise plans.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
Related stories
Real Estate Deal Between Haim Katzman and Tzachi Abu Collapses After One Month2 hours agoTrust Crisis Between Katzman and Abu Threatens G City Sale Deal2 days agoDispute Threatens Real Estate Deal That Could End Haim Katzman's Control of G City5 days agoHaim Katzman Moves Toward Giving Up Control of G CityJun 11, 2026Tzachi Abu Acquires Controlling Stake in G City from Haim Katzman for NIS 661 MillionJul 5, 2026Ari Real Estate Loses 25% Value After Announcing G City Control Deal with Haim KatzmanJul 9, 2026
