The company's controlling shareholders purchased shares worth NIS 19.4 million this week.
Israel Corporation. (TASE: ILCO) controlling shareholder Ofer Group is continuing to increase its stake in the company's chemicals subsidiary Israel Chemicals Ltd. (TASE: ICL). Since the beginning of the week Ofer Group has purchased 377,700 shares, for a total of NIS 19.4 million.
Figures released by Israel Corporation reveal that yesterday alone, Ofer Group acquired 153,900 Israel Chemicals shares at an average price of NIS 48.57 per share.
Israel Chemicals' share was unchanged at the open today at NIS 49.48, 38.9% down on its June 18 high of NIS 81.10. Overall, Ofer Group paid an average of NIS 51.31 per share , a premium of 3.7% on today's opening price.
Published by Globes [online], Israel business news - www.globes-online.com - on September 11, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008