Mega Light Company Owned by Tzachi Nachmias opposes the share purchase of properties and building In Rock Real Estate. Today it was reported that Sela Real Estate has completed a private placement in which it sold 4.99% of its share capital for NIS 80.3 million to a real estate and construction company.
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Properties and Building is controlled by DSKS, which was acquired by Tzahi Nachmias’ Mega Or for NIS 950 million, and is currently awaiting regulatory approvals to complete the transaction.
A letter sent by Mega Or through Adv. Udi Efron from the firm of M. Firon to the receivers of DSKS states: The principles underlying my client’s offer to purchase DSK shares in relation to the interim period until the transaction is completed. ”
Mega Or added: “Accordingly, it is expected that all officers in the company, including its representatives in its subsidiaries, will refrain from operating and committing to transactions that are not in the ordinary course of business until the transaction is completed.” As part of the deal signed, Sela Real Estate is to allocate the shares to Properties and Building at a price of NIS 7,831 per share, a price that constitutes a premium of approximately 12% on the closing price of the share. Properties and Building is managed by Gil Kotler, headed by Yoram Turbowitz, who was appointed by the holders of the Idibi Yad series bond to the position for the interim period until the sale to Nahmias.