Announced
Financials
Sources
Tags
Oil Refining and Marketing
distributing and marketing oil products
Pending
Israel
Majority
petroleum products
Private
Single Bidder
Acquisition
Natural
Private Equity
Synopsis
Holding company Elco agreed to buy Granite Hacarmel Investments involved in marketing and producing oil products from Israeli real estate developer Azrieli Group for 1.02bn shekels ($290m). The move by Azrieli to sell Granite Hacarmel is part of Azrieli’s strategy to focus on its core real estate business.
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