Egged has approved the sale of a 60% stake to Keystone REIT Fund, reflecting a company valuation of approximately NIS 4.8 billion!
Egged has approved the sale of a 60% stake to Keystone REIT Fund, reflecting a company valuation of approximately NIS 4.8 billion.
Under the terms of the deal, the Egged shareholders will have the option to sell their remaining shares starting from the 2nd year anniversary of the transaction.
This deal is made in continuation of the corporate reorganization process (led by Gross & Co.) under which Egged has transformed from a cooperative society into a limited liability company.
Gross aLw Firm (GKH) advised the company in the sale, led by Esther Koren, Ifat Sheftel Ben-Zvi, Moshe Ganot and Asaf Stott of the M&A department. The deal also included:Ran Ben-Ari, Yori Nehushtan, Guy Gershon, Rotem Helbetz, Merav Tabib, Ella Tevet, Maayan Pogozelits-Lasri, Aylor Binstock, Micky Ginsburg, Matan Winkler, Moti Balilti, and Josef Sternthal.
