Electra to acquire a 51% stake in Amnon Mesilot for NIS74m.

Electra, a company in the fields of contracting, construction, infrastructure, and electromechanical systems, agreed to acquire a 51% stake in Amnon Mesilot, a public transportation firm, for NIS74m. For Electra, this is the first time it enters into the field of public transportation. Electra operates in the field of buildings and infrastructure projects in Israel and abroad, providing services and maintenance for projects, as well as real estate development and construction. In addition, the company has activities in the field of franchising. Electra and Afikim have already been cooperating. Both companies, together with two other companies, won a tender for the construction, operation and maintenance of a 14-year-old parking lot and transportation system at the entrance to Gush Dan - one network in Rishon Lezion and the other in Shefayim. The shuttles will be carried out in the highways that will be built for purposes tethereof. Electra’s share in the group is 25%, similar to the share of Afikim, Nahor Transport Routes and Lapidot Capital.