Family Brant in Negotiations to Sell Control of Shaniv for 460 Million Shekels

Increased Activity in the Stock Market

The recent surge in the stock market has significantly increased the volume of transactions involving partial or full disposals of controlling shareholders’ stakes in companies. This development presents a trend of heightened financial activity within the Israeli economy, with shareholders looking to capitalize on favorable market conditions.

Brant Family’s Stake in Shaniv

The Brant family, which holds a 43.3% controlling stake in Shaniv, a paper products manufacturer, is currently in negotiations to sell their entire holdings. The potential buyer is the private equity firm Menor Evergreen. The proposed company valuation ranges from 435 million to 485 million shekels, with a midpoint of 460 million shekels offering a 15% premium over Shaniv’s current market prstart.

Related Market Movements

In related market news, chip stocks are leading gains in Wall Street futures, while TSMC has seen a significant surge of 6% in its stock prstart. Additionally, Apollo Power has entered into a binding agreement with Arco Group, resulting in a 10% jump in their stock prstart. Market enthusiasm continues, driven by various sectors, including technology and finance.

Financial Insights

Prime Energy is set to receive financing of 1.6 billion shekels from Bank Mizrahi and Bank Hapoalim, indicating ongoing investment activities in key industries. Insights into global gaming trends and the burgeoning nuclear energy sector are also gaining traction, highlighting broader economic themes that may influence local financial markets.

For more insights and updates on market trends, stay informed with the latest news.

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