Financial

Tel Aviv Stock Exchange will launch a new stock index:  TA-Industrial
Tel Aviv District Court ordered the liquidation of Eurocom group
1263 Views Details

by Ifi Reporter

Category: Financial

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.

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Apr 23, 2018

Ten-Bis will be acquired by a dutch company for 135  million euoros
2202 Views Details

by Ifi Reporter

Category: Financial

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

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Jul 29, 2018

Expensive in Israel: Wissotzky also raises the price of its products
1355 Views Details

by Ifi Reporter

Category: Financial

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

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Aug 6, 2018

Medtronic is acquiring Israeli Mazor Robotics for $ 1.6 billion
1190 Views Details

by Ifi Reporter

Category: Financial

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.

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Sep 21, 2018

Goldman Sachs believes Teva's stock decline  constitute a buying opportunity
1564 Views Details

by Ifi Reporter

Category: Financial

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

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Oct 19, 2018

Black Friday promotions in Israel found positive reactions from consumers
1281 Views Details

by Ifi Reporter

Category: Financial

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...

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Nov 24, 2018

The Jerusalem District Court issued a temporary stay of proceedings for Co-Op Israel
1113 Views Details

by Ifi Reporter

Category: Financial

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...

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Nov 26, 2018

Sudastream to Tel-Aviv stock exchange: the acquisition by PepsiCo was completed
912 Views Details

by Ifi Reporter

Category: Financial

Sudastream announced to the stock exchange that the merger was completed, and that trading in the company's shares on the Tel Aviv Stock Exchange had stopped, and that the Israeli company that manufactures the gauze machines sold for $ 3.2 billion

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Dec 5, 2018

Hundreds of employees of Bank Otsar Hahayal blocked streets fighting a merger of their bank
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