B Communications NIS982 million Bezeq block trade

1/2/2016

Public acquisition

Value:

NIS 982 million

Dollar value:

$ 248 million

Status:

Completed

Date:

1/2/2016

Overview:

B Communications sold 4.18% of its shareholding in Bezeq, Israel's largest telecoms company, for NIS982 million.
B Communications, Bezeq's listed holding company and its majority shareholder, sold 115.5 million shares at 8.5 shekels each.
Following the transaction, B Communications has a 26.34% share in Bezeq.

Ben Naylor - Regional editor

Jurisdiction:

Israel

Deal type:

Public acquisition

Practice area:

M&A

Governing laws:

New York
Israel

Industry sector:

Technology and telecommunications

Firms:

FISCHER (FBC & Co.)

Party: B Communications (Seller)

White & Case

Party: B Communications (Seller)

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