Where you see a crisis in public transportation, market sharks found a great investment

Public transportation companies in Israel are attracting large investments from financial players, creating a gap between poor service quality for the public and value flooding for investors. Dan acquired Tnufa for NIS 150 million, and Dan's investors yielded a 5x return. Keystone CEO: "We look for infrastructure in crisis."

In recent years, public transportation companies in Israel have attracted large investments from major financial players, creating a gap between poor service quality for the public and value flooding of hundreds of millions of shekels for investors. This week, Dan signed the acquisition of Tnufa for NIS 150 million, a month after acquiring Masiei Shasha for NIS 200 million. Dan's investors, Value Base and LBH, yielded a 5x return on their investment. Keystone CEO Dr. Navot Bar explains that the fund seeks infrastructure in crisis, expecting the government to solve them through existing players. Institutional bodies like Meitav invested NIS 375 million in Egged, citing the sector's defensive characteristics. The article notes that the consolidation process is expected to continue, and that Tnufa received a poor score in the Transportation Ministry's control report.