B Communications NIS982 million Bezeq block trade

1/2/2016
Public acquisition

NIS 982 million

$ 248 million

Completed

1/2/2016


Overview:

  • B Communications sold 4.18% of its shareholding in Bezeq, Israel's largest telecoms company, for NIS982 million.
  • B Communications, Bezeq's listed holding company and its majority shareholder, sold 115.5 million shares at 8.5 shekels each. 
  • Following the transaction, B Communications has a 26.34% share in Bezeq. 

Ben Naylor - Regional editor

Jurisdiction:

Israel

Deal type:

Public acquisition

Practice area:

M&A

Governing laws:

New York
Israel

Industry sector:

Technology and telecommunications


Firms:

Party: B Communications (Seller)

Lawyer: Nitzan Sandor


Party: B Communications (Seller)