Mivtach Shamir Holdings Ltd (TASE:MISH) made an offer to acquire Danya Cebus Ltd from Africa-Israel Investments Ltd (TASE:AFIL) for ILS 520 million on March 12, 2019. Pursuant to the terms of offer, Mivtach will pay ILS 170 million on date of completion against transfer of 40.47% stake and ILS 250 million in the next 90 days after completion, against transfer of remaining shares of Danya Cebus. Mivtach will also pay a sum of up to ILS 100 million based on annual net profit in a period of 4 years since completion of transaction from 2019-2022.
Danya Cebus Ltd. TEL AVIV STOCK EXCHANGE
Equities
DNYA
IL0011731374
Construction & Engineering
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+26.15% | 17.27B |