The supermarket chain owner is hoping to purchase the East Jerusalem housing project.
Rami Levi, the controlling shareholder in Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) heads a group of investors which is trying to outbid Palestinian businessman Bashar Al-Masri for Nof Zion, the East Jerusalem project of Digal Investment and Holdings Ltd. (TASE:DIGL). Rami Levi and his group of investors are expected to offer NIS 0.60 per Digal share.
Adv. David Hershkovitz who is acting for the investors headed by Levi presented the bid today to Digal as part of a debt settlement. Hershkovitz presented the offer during a bondholders meeting this evening in the Tel Aviv offices of Digal's lawyers.
Thus Rami Levi and his group have become new players in a game which has seen Digal offer the company and its East Jerusalem Nof Zion project to both a Palestinian investor and overseas Jewish investors.
Published by Globes, Israel business news - www.globes-online.com - on January 9, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
Shiri Habib-Valdhorn & Tamar Koblenz