The Noiman family previously held failed talks to buy the fuel marketing company from Azrieli for NIS 450 million.
The Noiman family is again interested in buying fuel marketing company Sonol Israel Ltd. from Azrieli Group Ltd. (TASE: AZRG). Sources inform "Globes" that in the past few weeks, the family has approached the real estate company regarding the possibility of returning to the negotiating table even though previous talks failed.
Last summer the Noiman family held talks about buying Sonol for about NIS 450 million and planned funding much of the purchase from its own capital resources. The talks came a short while after Azrieli had signed a memorandum of understanding (MOU) to sell Sonol to Shlomo Holdings Group for a similar amount - a process that ended abruptly after the sudden death of the Group's head Shlomo Shmeltzer.
The Noiman family owns the Alon Group, which is involved in the auto-industry, and also has real estate and start-up investments in Israel and abroad.
Published by Globes [online], Israel business news - www.globes-online.com - on February 5, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
Sonol gas station