hadera paper ltd (HAP:Tel Aviv)
Transactions by HADERA PAPER LTD (HAP) in the last 6 months
First Israel Mezzanine Investors Ltd. agreed to acquire 59% stake in Hadera Paper Ltd. (TASE:HAP) from Clal Industries Ltd. for approximately ILS 350 million in cash on June 24, 2015. First Israel Mezzanine Investors Ltd. paid ILS 117.88 per share. The transaction is subject to approval by the Antitrust Authority and the Minister of Energy, Infrastructures and Water.
IC Power Ltd. executed a binding memorandum of understanding to acquire Advanced Integrated Energy Ltd. from Hadera Paper Ltd. (TASE:HAP) for ILS 60 million on May 6, 2015. Pursuant to the memorandum, IC Power and Hadera Paper have agreed to act to execute transaction agreements within 75 days of the date of the memorandum and to complete the transaction within 120 days of their signing of the transaction documents. Completion of the acquisition is subject to satisfaction ...
Kimberly-Clark Tuketim Mallari Sanayi Ve Ticaret A.s. agreed to acquire remaining 49.9% stake in Hogla-Kimberly Ltd. from Hadera Paper Ltd. (TASE:HAP) for approximately NIS 650 million on January 26, 2015. The proceeds from the sale will be used by Hadera Paper to repay its NIS 1 billion debt, most of it owed to bondholders. The deal is subject to approval by the Turkish and Israel Antitrust Authority. The transaction is expected to close in the first quarter of 2015.
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