The deal prices Netafim, a pioneer in drip irrigation technology systems, at $850 million, not including the company's debt; including the debt, the deal prices Netafim at about a billion dollars.
Missive meant to clear air after rumors of debt trouble with Hapoalim.
Company, controlled by Zadik Bino, cited higher financing costs brought on by rising crude prices, inflation and interest rates, as well as a stronger shekel and tighter refining margins as other factors pushing net income lower.
The move would catapult Carasso Motors onto the Tel Aviv Stock Exchange’s TA-100 index and boost the firm’s equity to about NIS 800 million.
Richard Marin wants $1.25m; Africa says he owes them money.
Leases have been signed for 78% of the leasable area, a portion of which include temporary discounts or initial grace periods.
The deal is still waiting for regulatory approval.
Speculation in the market as to the scope and outcome of the offering since the prospectus was released last month had depressed the energy company’s share price by 13%.
Ofir Greenberg's mission: To try to revive real estate firm.