Yitzhak Tshuva is selling its shares in Keshet for NIS 50 million

Billionaire Yitzhak Tshuva leaves the television business and sells his share in the Israeli content company. The answer is 22.1% from Keshet through his daughter, Gal Naor, who bought the shares a decade ago from Bank Leumi, through GN in the amount of $ 6 million.

In the background: the crisis of the Delek Group and Teshuva’s attempts to realize some of the assets it holds. Negotiating the purchase of the shares is the “Rakia” investment fund managed by Ravid Kimia, together with the Phoenix and David Fattal, who are interested in shares of “Keshet”, which is valued at more than NIS 226 million according to the transaction.

Tshuva was the second controlling shareholder in Keshet, and even after the sale of his shares, Dudi Wertheim will remain the controlling shareholder with 51% of the company’s shares. If the negotiations reach a final signature, Tshuva will return his investment with a high profit, when his daughter bought the shares for $ 6 million and they will be sold for NIS 50 million.

After the sale of the shares, changes will also be made in the board segment, with Idan Wells, CEO of Delek Group, serving as a member of the company’s board as Tshuva’s representative, and after the sale another representative of the fund and its partners will replace him.