Yochananof, a large Israeli food retail chain, raised NIS 350 million through issuing 1.8 million shares to institutional investors, reflecting a pre-raising company valuation of NIS 2.45 Billion (appx. USD 750 Million).
This investment raises the public’s holdings in the company to 30% so that it will not be excluded from the indices. About a week after the raising, the company was traded at a value of approximately NIS 3 billion.
The giant retailer was represented by attorneys Amnon Sorek, Moty Yamin and Hagar Guri from our firm.
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