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 its subsidiary, Africa Israel Residential Ltd. as a dividend in kind to the parent company, Africa Israel Investments Ltd., as well as the sale of the balance of its holdings in Africa Residential. The company. For the issue and for the sale of Africa Residential shares to the company, it 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 operations, and will also enable the Company to realize its business strategy and expand its operations, including the expansion of existing and synergistic operations.
Deputy Chairman of the Lapidot Group and Chairman of Danya, Arik Shapir: “With the completion of Danya’s successful IPO, and the acceptance of the trust of the leading institutional bodies in the economy, Danya has all the resources to become a leading player, in addition to the field of execution, also in energy, BOT projects, Initiation, systems, industry (including expanding capabilities and strengthening the value chain) and more. 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 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. This 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 large and leading companies in the economy. This is a significant milestone for the company and the success of the IPO testifies more than anything to the great trust that the market is acquiring in Denmark as a large, stable and strong company. Denmark will continue to grow, develop and lead the construction industry in Israel. ”
