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Paz will acquire Freshmarket, controlled by Shlomi and Yossi Amir, for NIS 2.1 billion in cash (80%) and shares (20%). The transaction reflects a 14% premium on the value of a fresh market on the stock exchange. Simultaneously with the decision to acquire Freshmarket, the Paz Board of Directors decided to reject the two proposals it received for the acquisition of control of the company by Leumi Partners and by Shikun VeBinui. Leumi Partners offered to inject NIS 1.055 billion, in exchange for an allotment of 20% of Paz's shares at a company value of NIS 3.85 billion - and an option to...

The warnings of the Corona Cabinet, the Ministry of Health and Prime Minister Naftali Bennett against a fourth closure, perhaps during the Tishrei holidays, lead to an attack by senior health officials who warn: A closure is not a solution. This move, they say, has failed in the past, and will fail this time as well. The Ministry of Health and its senior officials, they claim, do not take into account all the considerations, and manage the crisis through a particularly narrow prism. In the Corona Cabinet yesterday, the experts who attended the meeting said that in order to avoid reaching...

The current account deficit in the state budget in the last 12 months to July dropped to a single-digit figure - 9.3% of GDP. The deficit fell after a sharp jump of about 30% in state tax revenues in July. The deficit in June reached 10.1% and has been declining since the peak of March, when it stood at 12.1%. The total deficit is about NIS 44 billion. The volume of tax collection in Israel soared to an all-time high of NIS 35.8 billion - an increase of 23.7% compared to the same period last year. The increase was mainly due to the investments and issues of the high-tech industry. In...

After lengthy discussions in the government, Naftali Bennett this evening (Sunday) approved the outline prepared by the Ministries of Health and Education for September 1. According to the outline, which still needs to get the corona cabinet approval and will only apply if there is no closure, classes will open as usual from kindergartens to twelfth grades, under six "layers" of protective actions, including serological tests starting later this week, speed tests to be provided to parents, tests Initiated in schools in orange and red localities, observance of the rules of the corona - and...

6,275 Israelis were diagnosed as positive for Corona - more than a third of them from the education system - and this is the highest number of verified since February 8. The peak since the beginning of the plague was 10,117, on January 18th. Today, at midnight, 2,942 verified were diagnosed. Excluding surveys and tests for recoverers, the positive rate yesterday was 4.84% - the highest figure since March 6. The peak of the outbreak is 15%, on September 29 last year. Today, at midnight, the rate of positives is slightly higher - 4.89%. A total of 130,000 tests were performed yesterday, the...

Due to the peak data in the mortgage market, the Bank of Israel announced today that it has finally decided not to allow a loan to be used as equity to purchase an apartment. At the same time, it will be possible to take such a loan as a bridging loan for housing developers, until the end of the process of selling their existing property. That is, this prohibition will be particularly relevant to investors who are in fact leveraging an existing asset to purchase an additional asset. It should be noted that the activity of investors in the real estate market has increased in recent months,...

The tax authority has not yet begun taking enforcement action to return aid grants to businesses that illegally received the money during the Corona crisis. Following pressure from the self-employed, the tax authority postponed for two months, until October 2021, the deadline for repaying the debt, through an arrangement for the distribution of interest-free payments. As part of the corona grants, billions of shekels were paid to businesses based on their statement. In retrospect, it became clear that these were not eligible for the grants because the extent of the damage to the business...

The Corona Cabinet approved the recommendations to extend the green label restrictions to all sectors of the economy, except malls and commerce. This, starting Wednesday next week. Among other things, the cabinet ruled that tests for children up to the age of 12 would be funded by the state, and that the number of participants in closed and open events was also limited. It was further stipulated that the restriction of guests at events and celebrations would be examined. The decision, which will be required for a vote in the government, includes applying the green label outline to all...

Cisco's second acquisition in Israel in three months: The American company acquired the Israeli start-up Epsagon for $ 400 million. Epsagon was established four years ago and is developing a platform for identifying and fixing faults in cloud applications. Epsagon was founded by Nitzan Shapira and Ren Rabensaft, and raised $ 30 million over the years. Prominent investors in the company include Lightspeed, Stagevan, Deutsche Telekom Partners and USVP, as well as the founders of Armis Nadir Jezreel and Yevgeny Dibrov