The article belongs to the category:Deals & Cases

Alon Blue Square Israel Ltd acquired an additional unknown minority stake in G.P. Global Power Ltd for approximately ILS 65 million

June 2021

Alon Blue Square Israel Ltd, a publicly traded corporation under the control of Mr. Moti Ben Moshe, in transactions for the direct and indirect acquisitionnuyh of the shares of the publicly traded company G.P. Global Power Ltd, in a manner that gave Blue Square 45% shares of Global!

The company G.P. Global Power is a company whose shares are sold on the Tel Aviv Stock Exchange and works in the fields of planning, development, establishing and operating power stations for the production of electricity and thermal energy.

As part of the transaction, Blue Square paid approximately 65 million NIS in exchange for the acquired shares.

The company G.P. Global Power is a company whose shares are sold on the Tel Aviv Stock Exchange and works in the fields of planning, development, establishing and operating power stations for the production of electricity and thermal energy

Alon Blue Square was represented by advocate Alon Binyamini together with advocates Zohar Levine and Amir Algazi, with the assistance of advocate Michal Rothschild and intern Dana Katzman.

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