IFLR1000

Israel Oil and Gas Fund NIS3654 million acquisition of Sonol

14/4/2016
Private acquisition
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NIS 364 million

$ 97.427 million

Completed

14/4/2016

Overview:

  • Israel Oil and Gas Fund has acquired Sonol for NIS364 million from Azrieli Group.
  • Sonol operates 240 petrol stations and 190 related convenience stores in Israel.
  • Israel Oil and Gas Fund is a group of investors led by David Wiessman.
  • In 2014 the company had been set to be sold to Shlomo Holdings but that deal feel through.

Sam Duke - Editor

Jurisdiction:

Israel

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Israel

Industry sectors:

Oil and gas
Logistics

Firms:
Arnon, Tadmor-Levy

Party: Azrieli Group (Seller)

Lawyers: David Schapiro, Eliran Furman

Erdinast, Ben Nathan, Toledano & Co

Party: Israel Oil and Gas Fund (Acquirer)

Lawyers: Lior Oren, Nitzan Aberbach

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