The public share issuance process of the Ashtrom Group has been completed, raising approximately 600 million NIS
This week, the public share offering process for Ashtrom Group was successfully completed, raising a total of 600 million NIS, with demand reaching approximately 750 million NIS.
Among the participants in the offering were major institutional investors such as Clal Insurance, Harel, and others. The largest current shareholders in Ashtrom, besides Clal, include Phoenix and Menora Mivtachim. The controlling families, Nussbaum and Girón (via Yondco Ltd.), invested 100 million NIS in the offering. Consequently, their holdings will dilute from 57% to just under 54%.
Ashtrom Group is represented by our firm, with legal counsel provided by Adv. Udi Efron, together with Adv. Moshe Leshem and Adv. Yuval Kleinfeld-Yehezkel.
For the full article, click here: here
This week, the public share offering process for Ashtrom Group was successfully completed, raising a total of 600 million NIS, with demand reaching approximately 750 million NIS.
Among the participants in the offering were major institutional investors such as Clal Insurance, Harel, and others. The largest current shareholders in Ashtrom, besides Clal, include Phoenix and Menora Mivtachim. The controlling families, Nussbaum and Girón (via Yondco Ltd.), invested 100 million NIS in the offering. Consequently, their holdings will dilute from 57% to just under 54%.
Ashtrom Group is represented by our firm, with legal counsel provided by Adv. Udi Efron, together with Adv. Moshe Leshem and Adv. Yuval Kleinfeld-Yehezkel.
For the full article, click here: here
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