TRANSACTIONS

Excellence Investments House will merge KSM with its Mutual Funds Subsidiary

Following amendment 28 to the Joint Investment Trust Law which regulates the transition from Index-Linked Certificates (ILC) (“Teudot Sal”) to ETFs, Excellence Investments House subsidiary “KSM” will purchase the Mutual Funds subsidiary in order to eventually merge the Mutual Funds activity and the future ETF’s activity.

Attorneys Udi Alfassi and Roy Reiss led Excellence during this complex process.

The Marker Online (Hebrew) 14/08/2017

August 2017

Roy Reiss

Phone +972-3-6074407

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