hadera paper ltd (HAP:Tel Aviv)
Transactions by HADERA PAPER LTD (HAP) in the last 6 months
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.
Hadera Paper Ltd. (TASE:HAP) agreed in principle to sell Graffiti Ltd. for ILS 48 million on January 1, 2015. Hadera expects to post ILS 10 million gain on the sale of Graffiti.
Mashav-Initiation and Development Ltd. agreed to acquire power plant from Hadera Paper Ltd. (TASE:HAP) on December 25, 2014. The Board of Directors of Hadera Paper accepted the offer of Mashav-Initiation and Development Ltd. The transaction was recommended by the Board committee as fair and reasonable. An agreement for the transaction will be signed and the transaction is subject to approval from the Board and shareholders of Hadera Paper.
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