The second stage of the acquisition of control in Dan has been completed, after veteran members sold an additional approximately 5% of the company's shares.
According to Calcalist, 177 Dan members sold all or part of their shares, and the scope was lower than the plan to buy about 23% of the shares. According to Ice, most employees and retirees preferred to keep about 43% of the equity ahead of a future public offering.
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What outlets say
Calcalist
Calcalist: The sale concluded at about 132 million shekels, lower than the plan to buy about 23% of the shares from members, and according to it, this reflects confidence in the potential for value enhancement ahead of a possible public offering.
Ice
Ice: Most employees and retirees kept 43% of the equity in hand ahead of a future public offering.
Bizportal
Bizportal: Clal, Leumi Partners and Mizrahi Tefahot Investment hold the control core, and an offering remains on the agenda.
