He began the year by buying Bank Otsar Hahayal, and ended it with the purchase of the Ashdod oil refinery and the Paz IPO.
Zadik Bino has been selected "Globes" Man of the Year.
At the beginning of the year he bought Bank Otsar Hahayal, creating a new banking triangle with the First International Bank of Israel (TASE: FTIN1;FTIN5) and Ubank Ltd..
In the middle of the year he bought the Ashdod oil refinery and, together with Paz Oil Company Ltd. (TASE:PZOL) and its gas stations, created the largest energy conglomerate in Israel.
In the last quarter of the year he participated in the Tnuva tender, and finally led the huge Paz IPO, raised NIS 1.25 billion, fixed a market price of $950 million for the company, and settled into the Tel Aviv 100 Index.
Published by Globes [online], Israel business news - www.globes.co.il - on December 11, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006