Investment House
Altshuler Shaham Camel
-1.75%
Base:1,718
opening:1,718
Tall:1,718
low:1,682
change:876,929
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Wants to generate revenue from additional areas. The company will convene a special meeting in about a month to approve a structural change through an inverted triangular merger in which a new public company will be established that will hold the provident and pension company, the public will hold the new company at exactly the same rate.
On the face of it, this is a technical change – the name of the public company will no longer be ‘Altshuler Shaham Provident and Pension’ and the provident company will actually become a subsidiary of the public company. But what is behind the change is Altshuler Shaham’s desire to enter additional areas of activity (according to the company – tangent areas). Which areas might be relevant? Areas such as non-bank credit and the like that the company currently cannot operate in – since a provident company is only allowed to operate in these areas.
Altshuler Shaham wants to examine the activity of managing and initiating alternative investments in the real estate industry in Israel and abroad and that it will work to initiate real estate investments and serve as a general partner or manager in partnerships or dedicated funds in the field.
The company may also want to operate in the insurance field, but for this purpose it will need to contact the authority and get approval and also set up an insurance company.
As part of the establishment of the new public company, the current holdings will continue to be the same: Gilad Altshuler and Kalman Shaham will continue to jointly hold approximately 56% of the company, CEO Yair Levinstein will continue to hold 14% and the public will continue to hold 30% of the shares.
Ran Shaham Appointed chairman of the public company. Yair Levinstein Appointed CEO of the Public Company and Chairman of the Provident and Pension Company, Anat Kanfo Tavor Who currently serves as VP of the Pension Fund and Image Operation for the CEO of the Provident and Merged Pension Company (which will become private), Tzafrir Zanzori, Who currently serves as VP of Marketing and Sales at the Provident and Pension Company, will be appointed Deputy CEO of the public company.
Altshuler Shaham said: “The move will allow the public company to examine entry into additional synergistic activities that cannot be carried out today. We believe the move will allow our clients and investing public to enjoy synergistic activity for the provident and pension company in areas related to the activity. Create added value for him ”
Ran Shaham and Yair Levinstein, Photo: Sam Yitzhakov
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment
.