Tel Aviv Stock Exchange receives approval to sell majority stake to foreign investors
20 AUG 2018
The Securities Authority of Israel (ISA) has given approval for international investors to take over a majority holding in Tel Aviv Stock Exchange (TASE), which will help foreign investors buy into the firm more easily, according to a report in Ha'aretz.
The report said, based on an announcement by ISA, that Sunsuper Pty, Moelis Asset Management, Dalton Investments, and Novo Nordisk Foundation are seeking to join as shareholders in Tel Aviv Stock Exchange, besides Manikay, which had reached an agreement to buy into TASE as well. The international investors are expected to have a 51.7% holding in the target, besides Manikay's 19.99%.
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