Mor Investment House is acquiring about 12% of Gaon Group shares in a transaction worth about NIS 100 million. According to Bizportal, in parallel, controlling shareholders sold shares worth about NIS 25 million.
According to Bizportal, Gaon Holdings will use the proceeds, among other things, for the early redemption of all Series H bonds. According to TheMarker, Gaon Holdings will hold about 55.3% of the group after the move.
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Reports on other sites 5 outlets
What outlets say
Calcalist
The group operates in water, gas and fuel infrastructure, and shares worth about NIS 25 million are being bought from Challenge Holdings and Gaon Group CEO Guy Regev.
Globes
The price is NIS 18.7 per share, a discount of about 7.6% to the closing price before the report, after the share price rose about 165% since the start of the year.
