Economy · Full coverage

Haim Katzman Seeks Immediate Buyer for G City Control After Deal Collapse

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Unrated 2

First reported by Globes · 1 day ago

What happened

After the collapse of a deal to sell control of G City, Haim Katzman is seeking a new buyer for an immediate sale. The previous buyer, Ari Real Estate, withdrew following partnership disputes. Katzman faces pressure to secure capital to meet large debt repayments due in 2027 and may pursue asset sales if no partner is found.

01Haim Katzman seeks an immediate buyer for G City control after deal cancellation with Ari Real Estate.
02Norstar shares fell over 5%, G City shares dropped 4% with high trading volume after deal collapse.
03G City bonds' yields rose sharply, increasing future borrowing costs.
04Katzman received 19 inquiries, including from billionaire Roman Abramovich, but no deal materialized.
05G City needs about 1 billion shekels capital injection to cover 2027 debt repayments totaling 1.7 billion shekels.
06If no partner is found, Katzman may sell assets or distribute shares to reduce leverage from 75% to 50%.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story

People