The public share issuance process of the Ashtrom Group has been completed, raising approximately 600 million NIS - Firon law firm - Israel's leading law firm
Back To All News & Innovations
09.01.2025

The public share issuance process of the Ashtrom Group has been completed, raising approximately 600 million NIS

  • Print

This week, the public share offering process for Ashtrom Group was successfully completed, raising a total of 600 million NIS, with demand reaching approximately 750 million NIS.

Among the participants in the offering were major institutional investors such as Clal Insurance, Harel, and others. The largest current shareholders in Ashtrom, besides Clal, include Phoenix and Menora Mivtachim. The controlling families, Nussbaum and Girón (via Yondco Ltd.), invested 100 million NIS in the offering. Consequently, their holdings will dilute from 57% to just under 54%.

Ashtrom Group is represented by our firm, with legal counsel provided by Adv. Udi Efron, together with Adv. Moshe Leshem and Adv. Yuval Kleinfeld-Yehezkel.

For the full article, click here: here

גרםים וחישובים

This week, the public share offering process for Ashtrom Group was successfully completed, raising a total of 600 million NIS, with demand reaching approximately 750 million NIS.

Among the participants in the offering were major institutional investors such as Clal Insurance, Harel, and others. The largest current shareholders in Ashtrom, besides Clal, include Phoenix and Menora Mivtachim. The controlling families, Nussbaum and Girón (via Yondco Ltd.), invested 100 million NIS in the offering. Consequently, their holdings will dilute from 57% to just under 54%.

Ashtrom Group is represented by our firm, with legal counsel provided by Adv. Udi Efron, together with Adv. Moshe Leshem and Adv. Yuval Kleinfeld-Yehezkel.

For the full article, click here: here

icons

15.05.2025

The AI revolution requires a fundamental shift in the concept of privacy

READ MORE
icons

15.05.2025

Client update – Commercial dep

READ MORE
icons

06.05.2025

The annulment of the judgment prevented the liquidation of the airline from Georgia

READ MORE
icons

05.05.2025

The Kisu Group is selling 50% of its holdings in the restaurants to a group of senior investors

READ MORE
icons

30.03.2025

The Legal 500 ranking guide has recognized our firm as a leader in 22 practice areas, with 57 individual rankings

READ MORE
icons

29.04.2025

The Bar family, controlling shareholders of Tempo, acquired 30% of Bareli Group for over NIS 300 million

READ MORE
icons

11.04.2025

Client update – Competition and Antitrust

READ MORE
icons

07.04.2025

Shareholder Disputes: Why Advance Planning Is the Recipe for Success

READ MORE
icons

11.04.2025

Client update 1st Q – Litigation department

READ MORE
icons

11.04.2025

Client update 1st Q – Labor Law

READ MORE
icons

06.04.2025

The Price-Fixing Case: The Charges Against Diplomat Were Dropped

READ MORE
icons

08.04.2025

Does a preservation-designated building prevent urban renewal?

READ MORE