Financial

Hundreds of employees of Bank Otsar Hahayal blocked streets fighting a merger of their bank
Israeli Tambour Bought the Italian Paint Company Colorficio Zetagi ifor 7M Euros
994 Views Details

by Ifi Reporter

Category: Financial

Tambour bought the Italian paint company “Colorficio Zetagi” that specializes in producing paints for industry, founded in 1957. Constant features in its history include a strong inclination towards innovation, reliability of their solutions, great production flexibility coupled with a fast delivery service; factors that led the brand to reach prestigious and challenging objectives. Tambour bought Zetagi from a Swiss investment fund in ~7M Euros, and this is the first acquisition of Tambour outside of Israel.

Read More

Jan 6, 2019

IVC Research: the volume of capital raised in Israel in 2018: $ 6.5 billion, an increase of 17%
509 Views Details

by Ifi Reporter

Category: Financial

The volume of capital raised in Israel in 2018 was $ 6.5 billion, an increase of 17% compared to 2017, according to the annual report issued by IVC Research, in cooperation with the law firm Zisman Aharoni Gayer & Co. The rate of growth in 2018 was higher than that Which was recorded in 2017 and 2016. Not all of the money necessarily flows into the bank accounts of the funds, but rather is used to purchase shares of existing shareholders and of veteran employees. For example, the report mentions that Citrix raised $ 60 million, but $ 45 million was used to buy existing shares

Read More

Jan 9, 2019

 Finance Ministry: the budget pit is expected to double in 2020 to NIS 17.4 billion
575 Views Details

by Ifi Reporter

Category: Financial

The budget pit, which will reach NIS 8 billion this year, is expected to double in 2020 to NIS 17.4 billion. The Finance Ministry updated cabinet ministers on the alarming figures ahead of Sunday's cabinet meeting to discuss the severe budget deviation and steps to reduce it. The government will be asked to authorize the Treasury to take the first immediate step to deal with the huge deficit expected in 2019

Read More

Jan 12, 2019

Aeronautics is sold to Rafael and businessman Avihai Stolero for NIS 850 million
1873 Views Details

by Ifi Reporter

Category: Financial

Aeronautics iwhich produces unmanned planess is sold to Rafael and businessman Avihai Stolero for NIS 850 million. This is a 70% premium on the company's current value on the stock exchange. Rafael and Stolero were granted exclusivity for six weeks until the transaction was approved at the general meeting of the Company. The three funds holding Aeronautics: Violeta, Genesis and KCPS will actually sell their 36% stake in the company

Read More

Jan 13, 2019

FIMI Fund acquired "Teva-Migada" plant in Kiryat Shemona for $ 47.5 million
779 Views Details

by Ifi Reporter

Category: Financial

The FIMI Fund acquired the TEVADAPTOR business unit, which manufactures medical equipment at the Magda plant in Kiryat Shemona, from Teva for $ 47.5 million. Former CEO of Frutarom, Ori Yehudai, will be appointed Chairman of Migda. TEVADAPTOR was founded in 2005 and has about 200 employees. The plant in Kiryat Shmona deals with the manufacture of medical devices designed to protect the medical staff from exposure to hazardous substances while preparing medicines and treating patients. The company's products are marketed to over 20 countries worldwide. The FIMI Foundation notes that...

Read More

Feb 10, 2019

"Pointer" is sold to the american "ID Systems" for an amount of $ 140 million
627 Views Details

by Ifi Reporter

Category: Financial

Pointer is sold to I.D. Systems. That you pay for Pointer, in a share transaction and in cash, an amount of $ 140 million. The deal is expected to close in the summer. After completion, the company will be traded on the Tel Aviv Stock Exchange and the NASDAQ, and will be called PowerFleet. This is a combined cash and equity transaction, with a cash component of $ 72 million, based on loans of $ 40 million from Bank Hapoalim. Pointer provides mobile asset management services and products, such as technological solutions for fleet management. Pointer provides mobile resource management...

Read More

Mar 14, 2019

McDonald's is buying the Israeli Dynamic Yield start-up for about NIS 1 billion
630 Views Details

by Ifi Reporter

Category: Financial

McDonald's is buying the Israeli Dynamic Yield start-up. The companies did not publish the purchase price but it is estimated at more than NIS 1 billion. In a statement issued by the food giant, she notes that the Israeli company's prosulization technology will enable it to grow significantly. Dynamic Child has developed a platform that helps marketers increase their revenue by automatically adjusting the content of the website, mobile site, application, or marketing emails that the marketer sends to customers.

Read More

Mar 26, 2019

Elta Systems is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million
563 Views Details

by Ifi Reporter

Category: Financial

Elta Systems, a subsidiary and division of Israel Aircraft Industries, is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million. The acquisition represents a step in the implementation of IAI's strategy to enter the IDF maintenance and outsourcing market in areas rich in technological equipment

Read More

Mar 30, 2019

Elbit Systems acquires night vision activity from Harris for $ 350 million
727 Views Details

by Ifi Reporter

Category: Financial

Elbit Systems has signed a binding agreement to acquire night vision activity from Harris for $ 350 million in cash. Completion of the transaction is conditional upon approval of the merger between Harris and L3. The merger will create the sixth largest security company in the US with a market cap of $ 34 billion.The merger, announced in October 2018, was approved last Thursday by the shareholders of both companies, but regulatory approvals are still required. Harris and L3, Harris was required to sell its night vision activity, with a sales turnover of $ 150 million a year. The night...

Read More

Apr 6, 2019

  • Page 2 / 25
  • 1
  • 2
  • 3
  • 4
  • 5

Testimonials

No testimonials. Click here to add your testimonials.