Ronen Ganon Acquires Control of Multi Retail Group for 173 Million Shekels
How 9 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 23 hours ago
What happened
Ronen Ganon is acquiring a 72.3% controlling stake in Israel's Multi Retail Group for 173.5 million shekels, gaining ownership of major retail brands. The deal, pending regulatory approval, values the company at a 60% premium over market price. Ganon aims to enhance digital operations and may merge Multi Retail with his Zol Stock chain to form a large retail group with combined sales of 1.7 billion shekels.
- 01Ronen Ganon buys 72.3% of Multi Retail Group for 173.5 million shekels.
- 02The deal values Multi Retail at 238 million shekels, a 60% premium over market value.
- 03Multi Retail owns ACE, Autodepo, Beitili, Urban, and I.D. Design brands.
- 04Ganon plans digital upgrades and may merge Multi Retail with Zol Stock.
- 05The merger would create a retail group with 155 stores and 1.7 billion shekels in sales.
- 06Ganon is a 51-year-old businessman with diverse holdings including Zol Stock and supermarkets.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 9 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
