2024-02-02 04:40:00
In the letter it was stated that as part of the tender, requests were received from classified investors, who were interested in the purchase of approximately 760.5 thousand units with a financial scope of NIS 760.5 million. It was also noted that the company has already received an advance commitment for the purchase of 410 thousand units, at a price of NIS 410 million and at an interest rate not exceeding 4.83%. The move is expected to help the company recover and move it forward, and it seems that many investors are indeed interested in it and believe in its ability to get back on its feet.
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There is no doubt that the company’s announcement shows a significant strategic change introduced in it, after Katzman found himself in a financial hole following the sale of assets in Russia that amounted to losses of hundreds of millions of shekels. However, it was recently reported that the businessman was able to lower the company’s financial debt, when he completed an offer for the sale of stock The subsidiary in Brazil for NIS 225 million.
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