Levy purchased 4,300 shares within the holding firm for NIS 48.90 per share yesterday and now has 1.74 million shares.
Businessman Rami Levy, proprietor of Rami Levy Chain Shops Hashikma Advertising 2006 Ltd. (TASE:RMLI) has change into a celebration at curiosity in actual property holding firm Norstar Holdings Inc. (TASE: NSTR), after shopping for a 5% stake. Levy purchased 4,300 shares for NIS 48.90 per share yesterday and now has 1.74 million shares. Norstar is the controlling shareholder in earnings producing actual property firm Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT).
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Final week Norstar controlling shareholder Chaim Katzman signed a cooperation settlement with constructing contractor Yitzhak Sela, who holds a 5% stake in Norstar, which provides Katzman energy of lawyer to vote on behalf of his shares. Katzman is deputy chairman of Norstar and CEO of Gazit-Globe. Katzman himself has a 28.1% controlling stake in Norstar after promoting a few of his holdings to actual property firm Israel Canada (TASE: ISCN), managed by Assaf Tuchmeir and Barak Rosen.
Sources near the matter say that Israel Canada is now in talks to promote its 22% stake to Amos Luzon, which may threaten Katzman’s management of the corporate.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 7, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Rami Levy Picture: Yonatan Bloom
