Competition Authority toughens merger disclosures. The new merger application regulations are part of the plan to tackle excessive concentration in Israel’s food market. New regulations set by the Competition Authority, headed by Adv. Michal Cohen, put a greater reporting burden on companies seeking to merge. The Competition Authority will receive more detailed information on merging […]
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After five months of negotiations, Israel and the United Arab Emirates signed on Friday a free trade agreement between the two countries. The “comprehensive” agreement covers regulation, customs, services, government procurement, e-commerce and protection of intellectual property rights, the Economy Ministry said in a statement. Read more here, as well as our feature on the […]
US engineering components manufacturer ITT will acquire Israeli valve manufacturer Habonim for USD 140 million in an all-cash transaction. Habonim, based on Kibbutz Kfar Hanassi in the Upper Galilee, will become part of ITT’s Industrial Process (IP) segment. Greenberg Traurig represented ITT, Meitar advised on the Israeli aspects of the deal, with Erdinast, Ben Nathan, […]
U.S. semiconductor giant Intel has announced it is buying Israeli computing tech startup Granulate Cloud Solutions Ltd. for a reported USD 650 million, marking the chip multinational’s seventh acquisition of an Israeli company in just over five years. Granulate develops software to optimize the use of computing resources, and will join Intel’s advanced software and […]
Discount Bank completed the issue of shares. Total demand reached NIS 1.7 billion. The bank decided to raise NIS 1.424 billion at a price of NIS 19.52 per share. According to sources at Discount Bank, the raising of capital was done to enable the bank to continue its growth momentum and realize its existing significant […]
Israeli start-up, Papaya Global will buy Azimo, a London-based money transfer business, for between USD 150-200 million, according to various sources, as it looks to expand its payroll payments and launching more services to additional markets. This is the first major acquisition made by Papaya, which saw its valuation surge to USD 3.7 billion last […]
What is ‘food-tech 2.0’ and how can Israel get there? Expert Gil Horsky explains the trends, trials and triumphs of the Israeli food-tech industry. Gil Horksy is the senior director of ventures for SnackFutures at Mondelēz International, one of the world’s largest snacks companies. The company is responsible for internationally-recognized brands such as Oreo, Cadbury […]
Fischer (FBC & Co.) will welcome the arrival of Adv. Yaron Mehulel and a team of six senior partners and lawyers specializing in a wide range of areas of practice, including taxes, family capital management, commercial law, real estate and more. The team, which will join from April 2022, comprises: Adv. Yaron Mehulel, who served […]
Yigal Arnon represented the publicly traded infrastructure fund, Generation Capital, in its acquisition of 51% of the transportation company Bon Tour Ltd. for approximately NIS 330 million. Upon its completion, Bon Tour shall be wholly owned by Generation Capital. Bon Tour provides advanced transportation services to companies, factories, schools and tourism and is one of […]
Bubbles Mutagim Ltd. has agreed a merger with Mobile Max Technologies Ltd., a public company listed on TASE. According to the merger agreement, upon closing Bubbles, shareholders will hold 87.5% of the merged company representing a valuation of NIS 120 million. Bubbles own and operate retail stores and operate a technology platform for the marketing of […]
