2024-01-16 17:46:00
Idan Veles and Yitzhak Tshuva (photo by Ron Kadami, Flash 90, shutterstock) Businessman Yitzhak Tshuva opens burners and from him a new chairman for the Mehdrin company. The Mehdrin company owns 11 thousand dunams in Israel that Tshuva wants to improve and turn into real estate. The purchase of Mahadrin was made by Teshuvah through the Delek Group, with the move being led by Idan Wells, the group’s CEO. If so, CPA Par Nadir, former CEO of Azrieli Malls, will take up the position of active chairman of the Mehadrin company’s board this February “.
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Nadir is a CPA, with a bachelor’s degree in accounting and economics and a master’s degree in business administration, finance and accounting, both from Tel Aviv University. He was a partner in the establishment and management, for about 25 years, of the Azrieli shopping malls group and in the last decade serves as a director and consultant to a number of public companies. Parr is Has rich experience in the field of real estate and the capital market and has accounting and financial expertise.
This appointment joins the appointment of Dalit Zilver, the former head of the planning department, who was appointed last October as deputy to the company’s CEO, Uri Luft.
Let’s recall that the businessman Yitzhak Tshuva started his career as a real estate man and hence his impressive familiarity with this market. Tshuva during the course led by Idan Wells understands very well the importance of holding land reserves of the size that Mehdrin holds and if we take into account the forecasts of the economists for the real estate market in the years In the near future, it can be assumed that the improvement process of the Mehdrin lands will be a considerable profit center for the Delek Group.
The Delek Group today owns 44.48% of Hadrin and recently it published a purchase offer for the member’s shares as part of which it wishes to increase its holding beyond the 50% mark. The price of the purchase offer in which the Delek Group entered for Mahadrin shares stands at NIS 162.41 per share, a price similar to the share price on the stock exchange which stands at NIS 160 today.
Control of Mahdrin was acquired by Yitzhak Tshuva through the Delek Group in a move led by Idan Wells, the CEO last July. The shares were sold by DSKSH controlled by businessman Tzachi Nahmias as part of an overall move to reduce debt. The purchase was then made at a price of approximately NIS 168 per share.
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