MILAN – Israel’s supermarket giant Rami Levy is buying 20 percent of the Cofix. The deal also includes a two-year option for Levy to increase its stake to 50.01 percent, Cofix said in a statement on Monday.
The sale is part of Cofix’s efforts to return to profitability. Both companies are headquartered in Israel and listed on the Tel Aviv Stock Exchange.
The deal which values the coffee shop operator at ILS 105.00 million (USD 32.2 million).
Dear Reader,
you are not required to purchase anything for certain limited use of Comunicaffe International.
However, if you do not purchase a subscription, your access to our contents will be limited.
For further information about our subscriptions please visit the subscription page.
If you are already subscribed please type here your credentials:
