FMR LLC (Fidelity Investments) has become a party at interest in independent supermarket chain Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI), following in the steps of Michael Dell's MSD Capital LP. In a notice to the TASE today, Rami Levy said that FMR owns 677,860 shares, or 5.03%, of the company.
At Rami Levy's current market cap of NIS 2 billion, FMR's stake is worth NIS 100 million..
Rami Levy Chain Stores CEO Rami Levy said, "We thank every investor who shows confidence in the company, and we are pleased by the growing international invest in the Israeli economy in general and in Rami Levy Chain Stores in particular."
Last week, Rami Levy Chain Stores reported that a unit of MSD Capital had become a party of interest in the company, with a 6.1% stake. MSD bought the shares from Rami Levy for NIS 90 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 7, 2013
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