Mivtach Shamir Holdings Ltd (TASE:MISH) made an offer to acquire Danya Cebus Ltd from Africa-Israel Investments Ltd (TASE:AFIL) for ILS 520 million on March 12, 2019. Pursuant to the terms of offer, Mivtach will pay ILS 170 million on date of completion against transfer of 40.47% stake and ILS 250 million in the next 90 days after completion, against transfer of remaining shares of Danya Cebus. Mivtach will also pay a sum of up to ILS 100 million based on annual net profit in a period of 4 years since completion of transaction from 2019-2022.
Danya Cebus Ltd. TEL AVIV STOCK EXCHANGE
Equities
DNYA
IL0011731374
Construction & Engineering
1st Jan change | Capi. | |
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-6.99% | 65.38B | |
+3.43% | 60.05B | |
+24.51% | 39.35B | |
+12.47% | 31.06B | |
+15.75% | 30.47B | |
+18.86% | 20.22B | |
+9.51% | 19.88B | |
+74.74% | 17.69B | |
+30.17% | 16.16B |