Chain Could Face Mega Liquidity Problem

Mega’s parent company, Alon Blue Square, in talks to sell stores to U.S. private equity firm, but insurance dilemma clouds horizon

The Alon Blue Square Group may have seen its share price gain 11.6% on Monday after the story broke that it’s in talks to sell its stake in the Mega supermarket chain to U.S. private equity firm Catterton Partners, in a deal valuing the company at NIS 1 billion, but its problems are nowhere near over. Sources told TheMarker that one of Israel’s two commerce insurance companies is refusing...