Big Shopping Centers (2004) Ltd. (TASE:BIG) has announced that it has signed a binding agreement to buy the Ispro Center in Modi'in from Tnuport for NIS 425 million. The deal will expedite the purchase of the remainder of Ispro - The Israel Properties Rental Corp. Ltd. (TASE: IPRO) by Tnuport owners Kidan Dahari and Yaron Adiv, who signed an agreement to buy all Ispro's assets from Property and Building Ltd. (TASE: PTBL) in April for NIS 800 million. But Tnuport had struggled to obtain financing for the deal, which looked set to collapse, with Villar International Ltd. (TASE:VILR) waiting in the wings and in advanced talks with Property & Building to replace Tnuport. RELATED ARTICLES Property & Building sells Ispro to Tnuport owners But with the money from the Big deal, Tnuport can now go ahead and complete the acquisition of Ispro. Published by Globes, Israel business news - en.globes.co.il - on December 31, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020
