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Electra Consumer Products is seen unlikely to exercise its option on another 49.9% of the Carrefour-Yeinot Bitan supermarket chain.

Electra Consumer Products signs Yeinot Bitan acquisition deal Electra Consumer Products and The Phoenix will together own 50.05% of supermarket chain Yeinot Bitan. Electra Consumer Products (TASE: ECP), of the Elco Holdings Ltd. (TASE: ELCO) group, reported this morning that it had signed an agreement for the purchase of the controlling interest in family-owned supermarket chain Yeinot Bitan. Electra Consumer Products will buy 35.05% of the shares in Yeinot Bitan for NIS 194 million, of which NIS 143 million will be against an allocation of shares and NIS 50 million will be through the purcha...