According to Calcalist, singer Omer Adam and Aroma Music bought 40.5% of the Zappa concert club chain. According to TheMarker, the partners plan to expand the clubs' operations and create new formats.
The buyers will take over management of the chain. According to Calcalist, the deal comes about a month and a half after Delek bought the stake of Eventim in Zappa for 20 million shekels. According to Bizportal, Delek will remain with about 40% of the chain.
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Bizportal
Bizportal reports that Delek Israel, which had reached an 81% holding in the chain, is selling about half of its stake to the Adam family and the music company in which promoter Benny Menashe is a partner.
Calcalist
Calcalist reports that the deal comes about a month and a half after Delek bought the stake of American entertainment giant Eventim in Zappa for 20 million shekels.