The size of the deal has not been disclosed because it is being implemented in exchange for assuming Gad Zeevi's debts to Michael Cherney who has a lien on 80% of Japanauto's shares. The buyer will also have to reach an accommodation with the bondholders.
Market sources believe that the size of the deal is between NIS 110 and NIS 160 million and that Barzilay is backed by a group of strategic investors who so far remain anonymous.
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