Can Eyal Ravid really take over Carrefour?

Eyal Ravid, owner of Victory, is working to acquire 30% of the company operating Carrefour in Israel as part of an offering. The move attracts additional interested parties, but its success depends on agreements with shareholders and underwriters.

Eyal Ravid, owner of the Victory supermarket chain, is working to acquire 30% of the shares of the company operating Carrefour in Israel, as part of a planned offering. The move attracts additional interested parties seeking to obtain a significant stake or even control of the company. Current shareholders include Electra Consumer Products (50%), Nahum Bitan (22%), Simon Pinto (15%), and Phoenix (13%). The path to acquisition depends on agreements with underwriters and shareholders, who are expected to prefer institutional bodies over a dominant controlling shareholder. The offering has not yet been completed and proposals have not yet been placed on the table.