ISPAC 1 buys food manufacturer Badaldi in NIS 1 billion deal
Categories: Capital Markets, Corporate and M&A
ISPAC 1, the first and only SPAC on the Tel Aviv Stock Exchange, has bought meat and food manufacturer Baladi Ltd., by way of exchange of shares in ISPAC with value of NIS 650 million. The value of the deal is over NIS 1 billion.
The transaction – still requiring the approval of the shareholders of ISPAC – saw
Arnon, Tadmor-Levy advise ISPAC 1, led by partners Shiri Shaham and Assaf Mesica.
Baladi was represented by Gur Nabel, Gal Pnini and Ben Behrend of the firm Goldfarb Gross Seligman.
