–
Parent companies Israel Corp. and Israel Petrochemical Industries both realized their full rights in the offering.
–
–
Oil Refineries Ltd. (TASE:ORL) succeeded in raising the full $150 million that it was seeking in a rights issue last night. Both parent companies Israel Corporation (TASE: ILCO) and Israel Petrochemical Industries and shareholders realized their full rights in the offering.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Following the rights issue, the Oil Refineries ownership structure has changed. Israel Corp. which invested $55.5 million in the rights issue remains with a 37.1% stake. Israel Petrochemical Industries, which invested $36.5 million, has seen its stake fall to 29.1% from 30.7%.
Published by www.globes-online.com
