Announced
Financials
Sources
Tags
consumer electrics
Consumer Electronics
Israel
Domestic
Friendly
Majority
Private
Acquisition
Pending
Single Bidder
Synopsis
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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