Following the deal, Clal Trading is shortly expected to be delisted from the stock exchange where it has been traded since 1977.
Clal Israel today completed the deal in which it sold all its holdings in Clal Trading (88.8%) to businessman Gad Zeevi, for NIS 483 million. Clal accepted Ze’evi’s purchase offer. In addition, other shareholders accepted his offer, bringing the total purchase by Zeevi to 90% of Clal Trading.
Following the deal, Clal Trading is shortly expected to be delisted from the stock exchange where it has been traded since 1977.
Clal Trading has holdings in more than 30 companies in the field of retailing, trading, marketing, logistics, media, computers and others.
Published by Israel's Business Arena January 22, 1998