Levy bought 4,300 shares in the holding company for NIS 48.90 per share yesterday and now has 1.74 million shares.
Businessman Rami Levy, owner of Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) has become a party in interest in real estate holding company Norstar Holdings Inc. (TASE: NSTR), after buying a 5% stake. Levy bought 4,300 shares for NIS 48.90 per share yesterday and now has 1.74 million shares. Norstar is the controlling shareholder in income producing real estate company Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT).
RELATED ARTICLES
Chaim Katzman girds for battle over Norstar
Last week Norstar controlling shareholder Chaim Katzman signed a cooperation agreement with building contractor Yitzhak Sela, who holds a 5% stake in Norstar, which gives Katzman power of attorney 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 selling some of his holdings to real estate company Israel Canada (TASE: ISCN), controlled by Assaf Tuchmeir and Barak Rosen.
Sources close to the matter say that Israel Canada is now in talks to sell its 22% stake to Amos Luzon, which could threaten Katzman’s control of the company.
Published by Globes, Israel business news – en.globes.co.il – on April 7, 2022.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
Rami Levy Photo: Yonatan Bloom
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
