Delek Auto’s sustainability unit Veridis is in talks to acquire Infinya, formerly called Hadera Paper, from FIMI for NIS 2.35 billion. According to Israeli financial newspaper Globes, FIMI, controlled by Ishay Davidi, acquired Hadera Paper as it was then called in 2014. The company has undergone a major transition from reporting annual losses of NIS […]
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This February, Bloomberg reported over 1,000 unicorns globally, and Israel – with just 0.1% of the global population – accounts for some 8%. Tel Aviv was ranked seventh in an annual survey of the world’s most attractive ecosystems for start-ups by US research firm Startup Genome. In 2021, Tel Aviv’s start-up ecosystem was valued at […]
Israel’s Government Companies Authority will meet shortly to kick-start the privatization process for the Israel Postal Company. The privatization of the Israel Postal Co. is part of the government’s recovery plan for the company. In June the Ministers of Finance and Communications agreed the recovery plan, which includes a NIS 1.7 billion loan, with the […]
Shikun & Binui has reached financial close on another major project – the Kiryat HaModi’in project in the Negev. The infrastructure company raised NIS 4.2 billion for one of the largest construction projects in the country’s history. The group of financiers was led by Discount Bank and the Harel Insurance Company. Herzog ’s Project Finance team […]
Ceragon Networks Ltd. (NASDAQ: CRNT), a global 5G wireless communications equipment provider, has successfully defended against a hostile bid and a proxy fight in an attempt to take control of the Ceragon Board. Ceragon’s shareholders demonstrated their support in Ceragon’s Board of Directors by overwhelmingly dismissing an attempt made by Aviat Networks Inc., Ceragon’s U.S. competitor, to oust […]
Public company Tufin Software Technologies Ltd. has been acquired by Turn/River in an all-cash deal worth about USD 570 million. Tufin is a pioneer of policy-centric approach to security and IT operations, while Turn/River Capital, an operationally-focused software investment firm Meitar acted for NYSE-listed Tufin, with the team led by Shachar Hadar, Ran Camchy, Matthew […]
Bank Hapoalim has succeeded in one of the most important recent cases in Israel relating to banks’ liabilities. The NIS 200 million lawsuit, ongoing since 2016, was filed by Lexan, owner of Princess Hotel in Eilat, and controlling shareholder, Alexander Tessler. The Tel Aviv District Court dismissed all counts of the claim and charged the […]
To say that there are mixed fortunes in the UK energy supply market would be an understatement. Whilst BP, Shell and Centrica have reported record profits, in the last 18 months the lights have gone out at 31 energy supply companies (comprising nearly half of all suppliers) who have entered insolvency. Read more here.
Since the UAE-Israel Abraham Accords two years ago, relations have been normalizing between Israel and MENA countries, including Morocco, whose relations with Israel continue to increase in renewable energy and other sectors. Israeli companies have been strengthening diplomatic relations with MENA countries for decades. Last year, a natural gas deal struck between NewMed and the […]
This week, it was announced that trade between Israel and the United Arab Emirates reached $1.4 billion in the first seven months of 2022, Israel’s Ambassador to the UAE Amir Hayek. Total trade between Israel and the UAE reached USD 1.2 billion for all of 2021. Read more here.
