Yossi and Shlomi Amir have submitted a bid to buy a controlling 24.9% stake in Shufersal Ltd. (TASE:SAE) for NIS 2.46 billion. The brothers, who sold supermarket chain Freshmarket to Paz, are offering NIS 28 per share for 88 million shares, a slight premium on Shufersal's closing price today of NIS 27.20.
Shufersal currently has no controlling core. The biggest shareholders are all institutional investors led by Altshuler Shaham with a 9.9% stake, followed by Migdal, Harel, Menorah-Mivtachim, Clal and Phoenix.
Yossi and Shlomi Amir completed the deal to sell Freshmarket to Paz in January at a company valuation of just over NIS 2 billion and the shares of Freshmarket were delisted from the TASE.
Shufersal is Israel's largest supermarket chain with 378 stores around the country including 83 Be drugstores.
Published by Globes, Israel business news - en.globes.co.il - on March 14, 2022.
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