Tidhar Group and the Harel Insurance and Finance Group have acquired the Kastra Commercial Center in Haifa for NIS 400 million. Tidhar is an international real estate group that initiates, builds and marketsresidential, commercial and industrial projects in Israel and abroad, while Harel is one of Israel’s largest and most prominent financial groups. FBC advised the […]
Author: Idan Nishlis
Property and Building Corporation Ltd. (PBC) has issued a series of new secured TASE traded bonds for NIS 1.26 billion. Based in Israel, PBC is a real estate company that, together with its subsidiaries and affiliated companies, produces properties and construction for commercial and industrial purposes, both in Israel and abroad. Goldfarb Gross Seligman acted […]
Urgent.ly Inc. has signed a merger agreement with Otonomo Technologies Ltd., an Israeli auto-tech mobility data company traded on Nasdaq (OTMO). The transaction will see Urgent.ly acquire Otonomo in consideration for Urgent.ly shares and Urgent.ly will be registered for trade on Nasdaq. Herzog advised Urgent.ly, led by partners Nathan Wiesenberg, Nir Dash, Ran Hai, Dr. Yuval Navot, Shachar Porat and Amir Cooper, as well as associate Nesimyan Adawi.
Canadian Regulations Banning Foreign Homebuyers Aird & Berlis LLP – the articles references can be read in their entirety on Aird & Berlis’ website here and here. Canada’s Parliament recently passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”), which has prohibited the purchasing of residential real estate by non-residents, directly […]
Tue, 28 February 2023, 16:00 – 17:30 IST As part of Tel Aviv Arbitration Week 2023, Baruch Baigel and Asserson Law’s Arbitration team will recreate the British parliament and debate the merits of the proposed amendments to the Arbitration Act of 1996. Join the firm to cast your votes and enjoy a traditional English High-Tea […]
For the first time in the history of Israeli oil and gas production, hydrocarbon liquids will be exported to global markets. The first cargo has been transferred from the company’s Karish field platform and sold as part of a multi-cargo marketing agreement with Vitol. Read more
Israeli public transport software solutions company Via has closed a USD110 million financing round, bringing the total funds raised by Via to more than USD 1 billion. Valuing the company at USD 3.5 billion, this latest financing was led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, […]
Israel Discount Bank issued USD800 million of senior notes in its first ever dollar-based international bond issue. Additionally, Bank Leumi has also issued USD 500 million of Tier 2 contingent convertible (CoCo) green notes—the bank’s first offering under its new Green Bond Framework. Chapman served as U.S. counsel to Reznik Paz Nevo Trusts Ltd. in […]
One of the largest financial services groups in Israel, Harel has agreed to buy Israel’s largest credit card company, Isracard for NIS 2.9 billion. The deal must be approved by Isracard’s shareholders, as well as the Israel Competition Authority, which recently approved Clal Insurance’s acquisition of credit card company Max from Warburg Pincus. Once completed, […]
Enlight Renewable Energy (Enlight), a global renewable energy platform, has completed its IPO on Nasdaq, the first offering by an Israeli company in New York in 2023, and was at a valuation of USD 2 billion. Latham & Watkins represented Enlight in the offering with a corporate team led by London partner Joshua Kiernan and […]
