Will Villar take over will improve? Real Estate

Stubborn rumors in the market speak that Shlomo Tisser, the owner of the income-producing real estate company

Villar
+ 1.35%

Base:13,320

opening:13,500

Tall:0

low:0

change:–

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, Plans to enter into a deal these days that began at the beginning of the year, when Yarov Adiv and Kidan Dahari bought Yishparo from properties and a building, for about NIS 800 million. So far they have transferred NIS 50 million and now they are supposed to transfer another NIS 100 million. They have to transfer the balance by next March, about a year after the transaction, after they sought to delay the transaction following the Corona crisis.

In the coming days, the two are expected to transfer an additional NIS 100 million to purchase Yishparo, but if Tisser does take over the deal, it means that he will receive the bulk of the deal and also pay for it. It is estimated that he will gain more than 50% of the control of Yishparo and Adiv and Dahari will hold the rest of the shares.

Surprisingly and in contrast to competitors, Villar, whose market value is about NIS 2.37 billion, fell by about 33% following the Corona crisis, but managed to reverse most of the declines when it rose by 55%, and its shares are only about 2.35% far from the level before the crisis. , At an all-time high.

As you may recall, Properties and Building was under the billionaire Eduardo Elstein (through his control of DSKS) but has since lost control of it and is looking for a new owner.