The construction and infrastructure company, Danya, owned by Africa Investments and controlled by Lapidot Capital (80%) and Altshuler Shaham Provident and Pension (20%) today (25.2.21) completed its public offering, at a value of NIS 1.8 billion (after the money) and in the coming days will begin Trading in company shares. The company’s IPO procedure was accompanied by the IPO coordinator, the Underwriters’ Office, Leader Capital Markets, after the company was acquired in early 2020 by the Lapidot Capital Group, which is controlled by Yaakov Luxenburg.
The company’s securities were offered, to institutional investors, by way of a non-uniform offer.
Until the opening of trading in the Company’s shares, it will complete the distribution of the shares of the subsidiary, Africa Israel Residential Ltd. as a dividend in kind to the parent company, Africa Israel Investments Ltd., as well as the sale of its holdings in Africa Residences. The company. The consideration for the issue and the sale of Africa Residential shares to the company is expected to be approximately NIS 360 million when the company is free of any financial debt. In exchange for the issuance of the Company’s shares to the public, it will be used to finance the Company’s ongoing activities, and will also enable the Company to realize its business strategy and expand its activities, including the expansion of existing and synergistic activities.
Deputy Chairman of the Lapidot Group and Chairman of the Danya Company, Arik Shapir: “With the completion of Danya’s successful IPO, and the acceptance of the trust of the leading institutional entities in the economy, Danya has all the resources to become and become a leading player, in addition to the field of execution, also in energy, BOT projects, entrepreneurship, systems, industry.”
We anticipate that the State of Israel and the private sector will continue to expand their investment in infrastructure and residential construction in the coming years and Denmark will continue to grow and increase its market share. We want to thank all those involved in the craft and we are sure that this is just the beginning. “
Ronen Ginzburg, CEO of Danya: “I am happy and excited about the completion of Danya’s IPO process with great success. It is a holiday for the company, its managers and employees who thanks to their dedication and hard work, we were able to bring the company to new heights and its natural place among the largest and leading companies in the economy. From all about the great trust that the market acquires in Danya as a large, stable and strong company. Danya will continue to grow, develop and lead the construction industry in Israel. “