97% of the bondholders assist the bid at a valuation of NIS 169 million for the airline.
97% of the IDB Improvement Sequence 9 bondholders assist the bid by Yigal Dimri to purchase Israir Airways and Tourism Ltd. The Israeli actual property developer and constructing contractor has supplied to purchase Israir at an organization valuation of NIS 169 million.
Nevertheless, Dimri submitted his bid the day after the deadline set by IDB trustee Adv. Ophir Naor in order that the number of Dimri is prone to be protested by the opposite bidders – BGI Investments (1961) Ltd. (TASE: BGI), managed by Rami Levy and Shalom Haim, and Dor Alon (TASE: DRAL), managed by Moti Ben-Moshe. IDB itself has but to kind an opinion on the matter.
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Dimri supplied to purchase 83% of Israir’s shares for NIS 140.4 million with 175 left within the arms of the trustee for the IDB Sequence 9 bondholders till Israir lists for commerce on the Tel Aviv Inventory Trade (TASE) or is acquired.
Dimri is planning to listing Israir on the TASE, inside 18 months of finishing the acquisition of the airline.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 17, 2020
© Copyright of Globes Writer Itonut (1983) Ltd. 2020
Yigal Dimri
Shany Moses and Michal Raz-Chaimovitz