Discount Investment Corporation (TASE: DISI), controlled by Eduardo Elsztain, has bought 25% of Yaakov Shalom (Shulem) Fisher and Matthew Bronfman's stake in Shufersal Ltd. (TASE:SAE). Discount Investment has been provided with the option of buying further 25% of Fisher and Bronfman's shares, at an exercise price identical to the price at which the shares were bought today. RELATED ARTICLES Shufersal almost quadruples profit Shufersal launches own-brand infant formula Overall, Discount Investment will buy 9 million Shufersal shares, at a price of NIS 14.62 per share, a price which is 1% below the share's price at the opening of trade. The aforementioned option involved 9 million additional shares at the same price. Shufersal's share price has risen 1% today, and is traded at about the price Discount Investment acquired it. At present, Discount Investment has a 53% stake in Shufersal; after the acquisition and after it exercises the option, it will hold 61% of the shares. Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
