The article belongs to the category:Deals & Cases
YOCHANANOF IS ACQUIRING CONTROL OF ZOL STOCK AND IS CONSIDERING AN IPO FOR THE CHAIN
March 2021
The food chain is expanding its activity to the field of discount (‘stock’) stores. It is acquiring control (50.1%) of the Zol Stock chain for NIS 45 million, based on a valuation of NIS 90 million. Yochananof intends to conduct an IPO for the company based on a valuation of NIS 300 million. Yochananof was represented by Partner Amnon Sorek.
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