According to TheMarker, the drops on the São Paulo stock exchange and the weakening of the real are complicating the sales plan, and Chaim Katzman must find new sources of financing or an alternative deal to reassure institutional investors. According to Globes, in August the company announced an asset sale plan worth 6.1 billion shekels, and it is written that selling the assets in Brazil currently has no economic feasibility.
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What outlets say
Globes
The company's shares fell by more than 20% following its announcement that selling assets in Brazil currently has no economic feasibility."
TheMarker
Investors are contending with billions of shekels in debt repayments, the cancellation of a deal with Ari Real Estate, and high leverage, which require new sources of financing.
