Lost in the Big Brother final - and will not even console himself with cannabis - Walla! Of money

2021-09-19T09:32:15.037Z

The Barzani family will transfer the controlling shares in the stock exchange skeleton to Ofer Eini and Shraga Brosh, who will try to merge Oshard Natural Gas, a company that operates in the field of energy.

Of money
All articles

Lost in the Big Brother final - and will not even console himself with cannabis

The Barzani family will transfer the controlling shares in the stock exchange skeleton to Ofer Eini and Shraga Brosh, who will try to merge the company 'Oshard Natural Gas', which operates in the field of energy.

The announcement of the new merger and transfer of control boosted the skeleton share by 50%

Food and Travelers - Travelers and Eaters: Equal Restaurants Across the Country

Julia Frilik-Niv

To the full article

Omer Barzani: Oren Hazan took the million, the stock exchange activity of Vantiz - Shraga Brosh and Ofer Eini (Photo: Micha Lubton)

The natural gas company of the Union of Workers 'and Manufacturers' Leaders will replace the Barzani family and will hold 60% of Vantage's shares upon completion of the merger, which it seeks to maintain at a company value ranging from NIS 120 million to NIS 170 million, based on Vantage's Valuation and financial statements of 'Oshard' as of the end of the first half of 2021.

Ofer Eini, one of the owners of Oshard.

Former chairman of the Football Association and chairman of the Histadrut (Photo: Sport1)

'Oshard' initiates, plans, establishes, finances, operates, and maintains, projects of electricity generation and thermal energy with capacities of up to 16 megawatts in generation, cogeneration and trigeneration technologies.

The company also has a license to market natural gas that allows it to purchase gas directly from natural gas reserves, and it is expected to provide electricity and thermal energy by the end of 2022 under its existing agreements.

Shraga Brosh, one of the owners of Oshard.

Former chairman of the Manufacturers 'Association (Photo: Spokeswoman for the Manufacturers' Association)

The change of shareholders takes place about a month after a lawsuit was filed against the Barzani family for presenting various "false representations" in favor of receiving a preference in acquiring control of the public company 'Vantage' and merging their activities with it, as part of a creditors' arrangement.

Plaintiffs 'claims mainly focused on the family's inability to bring the activity of' Aspen (Aspen Forest), which operates in the US state of Colorado cannabis into and Ontiiz, worth soared 88 million with a return for trade on the TASE.

The company encountered Since then, there have been many hurdles in absorbing the family's cannabis activity and returning to the preservation list, when its value dropped to NIS 16.6 million.

Adv. Ilan Gerazi, Senior Partner and Head of the Capital Market Department at the Law Office of Pearl Cohen Tzedek Letzer Beretz (Photo: Tomer Jacobson)

'Vantage' was represented in both transactions by attorney Ilan Gerazi, a senior partner and head of the capital market department at the law firm Pearl Cohen Tzedek Letzer Baretz.

Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email

0 comments

Source: walla

All business articles on 2021-09-19

Lost in the Big Brother final - and will not even console himself with cannabis - Walla! Of money

Lost in the Big Brother final - and will not even console himself with cannabis

More on Walla!

Food and Travelers - Travelers and Eaters: Equal Restaurants Across the Country

You may like

Trends 24h

Latest