El Al Israel Airlines Ltd. (TASE: ELAL) managing investor Kenny Rozenberg has actually effectively finished a deal to buy, increasing his stake from 44.95% to 49.95%. The deal to purchase was finished at the 3rd effort at NIS 4.20 per share.
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Amongst those offering shares were the state, which decreased its holding from 11.80% to 10.13% and previous managing investors the Borowitz household, which decreased its stake through Knafaim Holdings from 6.19% to 5.24%.
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. . . .(* )Rozenberg ended up being El Al’s managing investor in 2020 after investing NIS 360 million as part of a TASE offering performed to conserve the airline company from collapsing throughout the Covid pandemic. Consequently Rozenberg injected a more NIS 166 million into El Al for extra shares and extended the $70 million owner’s loan.
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To date, Rozenberg has actually lost numerous countless shekels on the financial investment. However he is counting on the existing reservation boom in the tourist market continuing with El Al reporting its most significant quarterly revenue considering that 2015 in the 4th quarter of 2022.
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Released by Worlds, Israel organization news –
en.globes.co.il
– on April 20, 2023.
. © Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
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