Institutional Investors Want to Buy Computers and Cell Phones for Hundreds of Millions of Shekels
Published 3 months ago · Companies
Reading time: 23s · Source 144s · · globes.co.il
Sentiment: · · ·businesses: Altshuler Shaham Investment House · KSP
- Altshuler Shaham Investment House leads a group of institutional bodies aiming to acquire 20% to 25% of KSP's shares, valued at approximately 2.3 billion shekels.
- The deal involves selling shares worth up to 580 million shekels by KSP founders Ze'ev Sorkin and Yaakov Friluk.
- KSP, which has 63 branches across Israel, has seen strong performance due to increased domestic consumer spending amid reduced international travel.
- The company's annual net profit is estimated at 140-150 million shekels, reflecting a growth rate of 15%-20% annually.
- The acquisition may delay KSP's IPO plans, with potential dividends expected for the buyers in the coming years.
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article presents an optimistic outlook regarding KSP's performance and the acquisition, highlighting strong profits and growth rates, which are favorable developments.
IMPACT
Short
The impacts of the acquisition and its effects on KSP's IPO plans are likely to be felt in the short term, particularly as it involves immediate financial transactions and market movements.
RELEVANCE
High
The acquisition of a significant stake in KSP by institutional investors is a major event in the financial market, making it highly relevant to a broad audience, especially investors and stakeholders in the business sector.
STAKEHOLDER
businesses
The article primarily discusses the business implications of the acquisition, focusing on KSP and the investment house involved, thus impacting the business community directly.