The group’s offer led by retiring Cellcom CEO Avi Gabay and businessman Shlomo Rodev was approved by the Hutchison Group, which currently controls Partner, for about $ 300 million | The ball goes to court
A few days after he abruptly retired from the position of CEO of Cellcom, former politician Avi Gabay is close to completing the crossing of the lines, when his offer together with businessman Shlomo Rodev was approved to buy a Partner company, approved by the Hutchison Group.
According to a report in “Globes”, the Gabay-Rodev Group offered to purchase the shares (27.1%) for about $ 300 million, and it does so without due diligence, which greatly helped Hutchison to respond positively to the offer.
The approval goes to the court, and it is estimated that the trustee’s response to the shares on behalf of the court will be in the affirmative, this after Hutchison’s approval. This is expected to happen by the end of the week or at most until the beginning of next week.
Earlier this week, Gabay announced his resignation from the position of CEO of Cellcom, and since then in talks to acquire Partner, the competing company.