search
Front > News

Former Freshmarket owners bid for Shufersal

Freshmarket owners Yossi and Shlomi Amir Photo: Freshmarket
Freshmarket owners Yossi and Shlomi Amir Photo: Freshmarket
14 Mar, 2022 19:11
שלח תגובה במיילOsnat Peretz

Yossi and Shlomi Amir have submitted a bid to buy a controlling 24.9% stake in Shufersal for NIS 2.46 billion.

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.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Freshmarket owners Yossi and Shlomi Amir Photo: Freshmarket
Freshmarket owners Yossi and Shlomi Amir Photo: Freshmarket
GMT CFO Eran Tibon credit: PR Political tensions cause 50% more interest in transferring money abroad

According to data from advanced financial services company Global Money Transfer, steps taken by the Israeli cabinet to oust Shin Bet chief Ronen Bar, and Attorney General Gali Baharav-Miara, could cause capital to flee Israel.

Sde Dov credit: Guy Yehieli Tenders close for 2,744 more homes in Sde Dov

Four tenders closed last month for the north Tel Aviv district saw a decrease of about 40% in the prices of land, and there is great interest in the prices these latest tenders will fetch.

Rafael CEO Yoav Turgeman credit: Rafael Spokesperson Rafael CEO: Iron Beam will be ready in 2025 as promised

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Tel Aviv credit: Shutterstock Rent rises moderate due to emigration and reserve duty

Rents only rose 4% in 2024, the Bank of Israel reports, despite the large number of evacuees, due to the negative migration balance and the large number of young people in the army reserves.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's: Political risks weigh on Israel's rating

"Israel's sovereign credit profile reflects very high political risks that have weakened economic and fiscal strength."

Stef Wertheimer credit: Reuters Industrialist and philanthropist Stef Wertheimer dies aged 98

Wertheimer founded Iscar, which was sold to Warren Buffett's Berkshire Hathaway, and was behind many industrial and social initiatives, as well as having a brief political career.

Island founders Dan Amiga and Mike Fey credit: Antonio Delucci Browser security co Island raises $250m at $5b valuation

The company has developed a communications technology that enables fast remote connection to corporate computers.

Yossi and Shlomi Amir credit: Jonathan Bloom Shufersal doubles annual profit

Streamlining measures by brothers Yossi and Shlomi Amir since they took control have vastly improved the supermarket chains profitability metrics.

Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities abroad want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Arkia aircraft credit: Arkia Arkia to introduce business class on New York flights

For the first time in its history Arkia will operate business class with round-trip Tel Aviv New York tickets starting from $3,500.

Knesset passes 2025 budget credit: Noam Moskovitz Knesset Spokesperson Knesset approves 2025 state budget

The NIS 620 billion budget has ballooned by NIS 100 billion and will rely on a fiscal deficit of 4.9% of GDP.

Tel Aviv Stock Exchange credit: PR Volumes peak on Tel Aviv Stock Exchange

Greater optimism in Israel and a shift away from US markets have brought trading volumes in Tel Aviv to a historical high, but will the trend be sustained?

Volkswagen credit: PR VW announces huge collaboration with Mobileye

A new advanced driving assistance system will be installed in millions of cars annually.

Navina founders Ronen Lavi and Shay Perera credit: Eyal Izhar Israeli clinical AI co Navina raises $55m

Navina equips clinicians and care teams with real-time, data-driven insights that improve the quality of care and financial outcomes.

Yoni Assia credit: eToro PR Trading platform eToro set for IPO

The company has filed a prospectus with the SEC, showing that its revenue tripled in 2024, with 96% deriving from crypto trading.

Minister of Finance Bezalel Smotrich and Minister of Transport Miri Regev credit: Marc Israel Sellem, The Jerusalem Post Deal: Gush Dan congestion charge for Kiryat Shemona railway

Miri Regev is close to final agreement with the Ministry of Finance on funding for her pet project in return for removal of her objection to the congestion charge.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018