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Announced

Shufersal to acquire a 60% stake in Mini Line for $176m.

Financials

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Transaction Value£129m
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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consumer electrics

Consumer Electronics

Israel

Domestic

Friendly

Majority

Private

Acquisition

Pending

Single Bidder

Synopsis

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Shufersal, Israel's largest supermarket chain, agreed to acquire a 60% stake in Mini Line, an importer of consumer electrical goods, for $176m. Shufersal, which already sells consumer electrical and electronic goods, said the acquisition of control of Mini Line is "part of its strategy to expand its activities in the retail field and to enter complementary areas that will offer added value and products" to its business, which has some 2m customers.

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