Israeli banks enter agreement with Keystone Fund to provide up to NIS 1.4 billion as acquisition of Egged moves closer
Categories: Banking & Finance
At the end of one of the largest competitive proceedings in Israel, Keystone Fund is nearing the closure of the acquisition of up to 60% of shares in Egged, the largest transit bus company in Israel.
The transaction is subject to the approval of the shareholders and the regulator.
Bank Leumi and Bank Mizrahi Tefahot have agreed to provide financing up to NIS 1.4 Billion.
Fischer (FBC & Co) team led by Gilad Winkler, partner and head of the Project Finance & Energy practice, and Miri Kimhi, partner and head of the Banking & Finance practice, together with attorneys Tom Fisher and Reut Amit from the Corporate practice, accompanied Bank Leumi and Bank Mizrahi Tefahot in this successful transaction.
