Weil Gotshal & Manges is among a trio of law firms advising on Access Industries' purchase of a controlling stake in Israel's Clal Industries and Investments (CII), in a deal which values the Tel Aviv-listed holding company at $665m (£423m). The deal has seen Israeli business group IDB Development sell 49.9% of its 60.5% stake in CII to Access, receiving 16.19 Israeli shekel (£2.70) per share.
May 24, 2012 at 12:32 PM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges is among a trio of law firms advising on Access Industries’ purchase of a controlling stake in Israel’s Clal Industries and Investments (CII), in a deal which values the Tel Aviv-listed holding company at $665m (£423m).
The deal has seen Israeli business group IDB Development sell 49.9% of its 60.5% stake in CII to Access, receiving 16.19 Israeli shekel (£2.70) per share.
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