Migdal Crosses 5% of Shufersal After Buying Shares Worth NIS 32 Million

In depth

Migdal Insurance and Financial Holdings became an interested party in Shufersal after buying 1,109,345 shares worth about NIS 32.2 million. The share price fell about 14% since the beginning of the year, and the purchase led Migdal to cross the 5% threshold of the company. Following the purchase, Migdal holds 5.14% of the food chain's shares.

The Shufersal group stated that Migdal has become an interested party in the company, after buying the shares worth about NIS 32.2 million.

Migdal now holds 5.14% of Shufersal's shares. About two months before the new purchase, the company sold shares in the chain worth NIS 125 million at a price of about NIS 38. Against the backdrop of the purchase, Shufersal's exit from the TA-35 index was recorded.