Haim Katzman, the controlling owner of the Norstar holding company, strengthens his control of the company. Today, Norstar reported that Katzman has signed a cooperation agreement with contractor Yitzhak Sela, who currently holds about 5% of the voting rights in the company.
Under the agreement, Sela granted Katzman a power of attorney to vote on all his shares in the company, as it will be from time to time, including shares or other securities that he will purchase or transfer to a person on his behalf. (Except, while Katzman granted Sela Zaggot joining in the event of the sale of Norstar shares by Katzman.
Norstar is the controlling owner of the Gazit Globe-producing real estate group, with Katzman serving as deputy chairman and CEO of both companies. The company.
Katzman currently holds approximately 29.1% of Norstar shares, after selling part of his holding in the company to the Israel Canada Group, which is controlled by Barak Rosen and Assi Tochmeir. The sale was intended to prevent a war of control, but as a result, Israel Canada holds 21.8% of Norstar shares.
Yesterday, Katzman attended the Globes Real Estate Conference and said, among other things, that “We are very happy to have partners in the company, probably people who have a deep understanding, and they have found real value in the company. I’m in control, and I’m not going anywhere. A month ago, we closed the Atrium deal, we purchased Beit Cal in the Korazim complex in Givatayim, it is 90,000 square meters on the purple line. We continue operations in the United States.