According to Mordechai Algarbeli, CEO of Rekach: “The company welcomes the completion of the sale of the balance of its holdings in Bella Online to the Be chain of the Shufersal Group.” This move is part of the strategy that the company has been leading in recent years of converging into its core areas as a marketer and distributor of OTC prescription drugs and AMR products in Israel and abroad.
Rekach, a leading Israeli company specializing in the production, import, marketing, sale and distribution of medicines, vitamins, medical preparations classified by AMR, dietary supplements and dermatological products. Under the joint control of the Pimi Foundation (approximately 42.6%) and the Algarbeli family (approximately 29.8%). ) Reports today that following the mechanism for realizing the balance of Bella’s holdings as defined in the original sale agreement and in accordance with the understandings reached by the parties, it sold all of Bella Online’s holdings to Shufersal and repaid all of the company’s owner loans and balances against Bella for a total of NIS 3.7 million.
51% of the shares in La Online, whose activity is a platform for online sales of various pharma products, were acquired in August 2019 by the Be chain from the Shufersal Group.
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