Israel Canada acquires Acro for NIS3.1b

Categories: Real Estate

Israeli publicly traded developer Israel Canada has agreed to acquire fellow property company Acro Real Estate in a transaction valued at NIS 3.1 billion, as reported by Globes. Both companies are traded on the Tel Aviv Stock Exchange.

The deal will create one of Israel’s largest listed residential real estate groups, with a combined market value of roughly NIS 10 billion and a significant pipeline of urban and high-density development projects in central Israel.

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