Migdal is shopping for 14% of Man & Doron Levy Engineering, Development and Funding for NIS 325 million, persevering with its acquisition marketing campaign amongst actual property firms. Man & Doron Levy is a privately-held actual property firm develops residential tasks and income-producing tasks, and is owned by brothers Man and Doron Levy.
The deal values the corporate, which is inspecting the potential of a flotation on the Tel Aviv Inventory Alternate, at NIS 2.325 billion (post-money). Migdal may also be allotted warrants for an allocation of extraordinary shares of the corporate representing 4% of its issued and paid capital.
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The corporate was based in thirty years in the past, and has constructed some 10,000 housing models in Tel Aviv and the middle and likewise within the north beneath Israel Land Authority tenders and together and concrete renewal offers.
The take care of Migdal falls right into a acknowledged sample of actual property firms planning an fairness or bond providing that first herald a monetary establishment as a strategic associate.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 2, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
