Huge deal for Cinema City: This is the company that bought 17% of the shares

by time news

Avi Edri, CEO of Cinema City: “We are pleased with the entry of Clal Insurance and Finance into the Cinema City Group, which is an expression of confidence in the Israeli film industry and Cinema City in particular. In recent months, we have seen the renewed growth of the film industry in the return of viewers to cinemas and the blossoming of Israeli cinema after being significantly damaged at the height of the corona crisis in the country. I am confident that we will continue to grow and grow together with our partner and lead the film industry in Israel alongside technological progress and excellent films. “

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Yossi Dori, Deputy CEO, Clal Insurance and Finance’s Investment Division, stated: “We believe in leisure and culture, although it has experienced a slowdown in the Corona period, we expect it to be significant again.” Dori added, “We are happy for the opportunity to connect To the existing partners, who strongly believe in the company’s management, and in its dedication and determination to its success. ”

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