With an investment of NIS 120 million: Aharon Frankel reaches 20% of Alony Hetz

Aharon Frankel increased his stake in Alony Hetz to about 20% after purchasing 2% of the company's shares for approximately NIS 120 million. The purchase was made on the stock exchange, against the backdrop of a 26% decline in the company's share price since the beginning of the year.

Businessman Aharon Frankel increased his stake in the income-producing real estate company Alony Hetz to about 20%, after purchasing a stake of about 2% of the company's shares for approximately NIS 120 million. The purchase was made on the stock exchange, and as part of it, Frankel bought 4.1 million shares for a total consideration of about NIS 120.5 million. Frankel first entered Alony Hetz about two years ago (October 2024), when he purchased about 10% of the company for about NIS 685 million. The current purchase comes after the company's shares fell by about 6% in the past week, and since the beginning of the year, Alony Hetz's share price has dropped by about 26%, and it is trading at a market value of about NIS 6.4 billion. The largest shareholder in the company is Nathan Hetz, who holds about 12.2% of the shares. In the past, Frankel signaled that he is not interested in a control battle for the company.