(Reuters)The newly privatised Tel Aviv Stock Exchange (TASE) has won approval from Israel’s securities regulator for a deal to sell nearly 20 percent of the exchange to investment fund Manikay Partners and another 19 percent to four other foreign investors. The sale, announced in April, puts a value of 551 million shekels ($151 million) on Israel’s stock exchange, which has struggled with declining trading volumes.
Tel Aviv Exchange Gets Green Light for Stake Sale to Hedge Fund Manikay
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