Economy · Full coverage

Failed G City Sale Costs Broker 10 Million Shekels as New CEO Prepares to Take Over

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

Unrated 2

By איתן גרסטנפלד

First reported by Globes · Aug 4, 2026

What happened

The failed sale of controlling shares in G City from Haim Katzman’s Norstar to Tzachi Abu’s Ari Real Estate has led to a lost 10 million shekel brokerage fee but advanced the appointment of Kelifa as CEO. Katzman remains confident in finding new buyers and completing a similar deal soon.

01The G City sale from Norstar to Ari Real Estate collapsed, affecting key stakeholders.
02Kelifa Fund will replace Katzman as G City CEO in October with generous terms.
03Discount Underwriting loses up to 10 million shekels in expected commission from the failed deal.
04Norstar plans to seek new strategic investors via Discount Underwriting, not the stock market.
05Katzman is optimistic about reopening the sale process with multiple interested buyers.
06Institutional investors may benefit from the deal’s collapse through asset sales above value.

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

In this story

People