A Bank Hapoalim cash machine. (Yonatan Sindel/Flash90)
Global investment manager BlackRock Inc holds a 3% stake valued a some NIS 1 billion ($308 million) in Bank Hapoalim Ltd., the Israeli lender said in a filing to the Tel Aviv Stock Exchange on Sunday.
BlackRock informed the bank of its holdings as of end March 2021, in a notification dated April 29. The US investment manager said that it and its affiliates currently hold a 3.01% stake, or the equivalent of 40,306,222 shares in the bank.
According to Israeli regulation, investors that hold a stake larger than 2.5% in a bank that has no controlling shareholder need to declare their holdings. A stake over 2.5% makes the investor a “significant stakeholder.”
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Apr. 12, 2021
Tzahi Nahmias was already very rich when he acquired Discount Investment Corp. a few months ago. But he doesn’t play the role of tycoon: He doesn’t work around the clock and his property company, Mega Or, occupies modest offices in Moshav Shilat with a discount supermarket on the ground level. He and his family live in the same moshav.
“If you know how to make the right decisions and have a team you can rely on, you don’t need to be working 24/7,” he once told an associate.
But those who have done business with Nahmias say there’s a difference between his public and private personas. “At Mega Or, which is publicly traded, Nahmias conducts himself modestly and efficiently, but in his private life he lives well (for example, he owns several luxury cars). Even when he’s taking time off, he spends a lot of time thinking about how to build his business. So far, he’s been successful at it,” says someone who asked not to be identified.
ISA opens probe into Yoel Goldman s All Year Holdings
US company All Year Holdings raised over NIS 2 billion from Israeli investors, who have presented the debt for immediate repayment.
The Israel Securities Authority (ISA) has opened an investigation into US company All Year Holdings Ltd. (TASE: ALYR), which has bonds traded on the Tel Aviv Stock Exchange. The company deals in income producing real estate in New York, and is owned by Yoel Goldman, who is based in New York. The company raised over NIS 2 billion from Israeli investors, and it has encountered difficulties in making payments due to the bondholders.
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Silverstein Properties’ Larry Silverstein and Phase I of the Denizen Bushwick at 54 Noll Street (Getty, Google Maps/Illustration by Kevin Rebong for The Real Deal)
Since Yoel Goldman’s All Year Management had its Israeli bonds delisted at the end of last year, the Brooklyn developer’s troubled assets have drawn interest from several investor groups. Now, one of New York’s most well-known developers has thrown its hat into the ring.
Silverstein Properties has submitted a non-binding proposal to purchase Phase I of All Year’s Denizen Bushwick at 54 Noll Street, the companies disclosed to the Tel Aviv Stock Exchange on Wednesday.