Melisron Ltd.’s $122.6 Million Acquisition Of Ramat Aviv Mall Holdings

Gornitzky represented Melisron in the deal.

Melisron acquired Migdal‘s share (26.6%) of Ramat Aviv Mall‘s holdings, for NIS 425 million (approx. US $122.59 million), tax included.

Following the purchase Melisron will be the sole owner of the mall, with 100% of its holdings. The transaction reflects a valuation of NIS 2.8 billion. The transaction was structured as an offer to receive proposals, published by Migdal, and followed by negotiations among the parties. As part of the deal, we were also required to examine issues related to the disclosure obligations applicable to the bidders, the extent of the company’s minority rights, and so on.

The Gornitzky team was composed by partners Shlomi Cohen (Picture), Shiri Shani and associate Inbal Zackai – Horev.

Involved fees earner: Shlomi Cohen – Gornitzky & Co.; Shiri Shani – Gornitzky & Co.; Inbal Zackai-Horev – Gornitzky & Co.;

Law Firms: Gornitzky & Co.;

Clients: Melisron Ltd.;

Author: Michael Patrini.