Egged Transportation Company Ltd.

Egged approves the sale of a 60% stake to Keystone REIT Fund, reflecting a company valuation of approximately NIS 4.8 billion!

Under the terms of the deal, the Egged shareholders will have the option to sell their remaining shares starting from the 2nd anniversary of the transaction.
This deal is made in continuation of the corporate reorganization process (led by Gross & Co.) under which Egged has transformed from a cooperative society into a limited liability company.

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