The Tel Aviv District Court ordered the liquidation of the Eurocom group, owned by Shaul Alovitch within ten days. The decision of Justice Eitan Orenstein was made due to the company's debts estimated at NIS 1.5 billion, most of them to the banks Following the court's decision, trading ceased in the shares of the companies owned by Eurocom, including Bezeq, Bezeq International, B Communications and Halal Communications.
Takeaway.com, whose shares are traded on the Amsterdam Stock Exchange, has announced that it has signed an agreement to acquire Ten-Bis from co-founder Tamir Carmel for a cash payment of 135 million euros (NIS 575 million). This is a multiple of 10 on the company's revenues
Wissotzky also raises the price of its products. Tnuva, the largest food company in Israel, raised the prices of dairy products not under the price control order by 2.2 percent. Among the unregulated products whose price will rise: salty cheeses, yellow cheeses on the shelf, special cheeses, delicacies, milk drinks and some yogurts
Medtronic is acquiring full ownership of Israeli company Mazor Robotics in a $ 1.6 billion deal, the two companies announced overnight. The deal gives Robotics a value of $ 1.6 billion, and after deducting the shares it has acquired from Medtronic in Mazor to date, it will pay $ 1.34 billion. Mazor Robotics Israel, managed by Uri Hadomi, was founded in 2001 and develops robotic guidance systems for spine surgery. The company has more than 200 different systems, and holds more than 50 patents worldwide.
Delek Drilling and Noble Energy announced that they would acquire 39% of the ownership of the Egyptian gas pipeline. The significance of the decision is that it will be possible to pump gas from Israel to Egypt from the beginning of next year. About eight months ago
Express Scripts announced that it will not introduce Teva's new drug, Ajovy, to the drug basket that will be funded for health insurance policyholders as of April 2019. Express Scripts has decided to fund the two migraine drugs that compete with Teva's drug Aimovig Amgen and Emgality of Eli Lilly
Black Friday sales worldwide will increase by 95 percent compared to last year. But the Israelis were definitely in the sales game and big. The Israeli retail chains, which feared the competition from abroad, launched significant Black Friday promotions and Israeli consumers reacted, creating a considerable burden on the credit system, causing a significant slowdown in the system for some time. On the infrastructure of the Central Payment System of the ISA, automatic banking services. This is a company that manages the infrastructure of the only payment system in the area of debit cards...
The Jerusalem District Court acceded to the request of Co-Op Israel and issued a temporary stay of proceedings order until the hearing scheduled for Wednesday morning. The company asked the court for a temporary stay of proceedings due to liquidity problems. The company claims that Co-Op has a significant surplus of assets over liabilities and that it should implement an efficiency plan already in progress and halted following the cash flow. According to estimates, the chain's liabilities are estimated at NIS 100 million. At the same time, the Histadrut decided to declare a labor dispute...