The real estate company Israel Canada became interested in Norstar with a holding of about 10% of its shares. Norstar , Which is controlled by Haim Katzman, controls the income-producing real estate company Gazit Globe.
Israel Canada Is under the control of Barak Rosen Wasi Tochmeier. Israel Canada also recently acquired a 13% stake in the real estate company Alrov, which is controlled by Alfred Akirov, for NIS 382 million.
The Norstar share today concentrated a huge turnover of about NIS 60 million on the stock exchange, and recorded a jump of 37%. Before the jump, the company was traded at a value of NIS 1.1 billion, followed by a value of NIS 1.5 billion.
Haim Katzman Controls Norstar through a holding of approximately 41% of its shares. Norstar holds 55.3% of Gazit Globe’s shares. Katzman serves as CEO and Vice Chairman of both companies.
Haim Katzman, the controlling shareholder of Norstar, said that “I welcome the expression of trust in Canada Israel, a real estate rights company that joins the expression of trust of Yitzhak Sela, who is also a reputable investor with extensive experience in real estate. I believe Norstar still has We have a long way to go and we will continue to work to bring value to the benefit of all stakeholders in the company. ”
Yitzhak Sela also recently became a stakeholder in Norstar, having reached a 5.2% stake in the company.