The deal for the Romanian real estate company was made at a value of €150 million.
Sources inform ''Globes'' that a private equity fund of the La Compagnie Financiere Edmond de Rothschild Banque (LCF Rothschild group) will acquire 60% of a Romanian real estate company partly owned by Eitan Eldar and Roy Gil at a company value of €150 million. The company has building rights for 10,000 apartments in several projects across Romania. Eldar and Gil will increase their stake in the company to 40%.
The Rothschild private equity fund and Eldar and Gil bought out the other shareholders in the company.
Published by Globes [online], Israel business news - www.globes.co.il - on October 25, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007