BRIEF-Businessman Tzachi Abu Moves To Acquire Control Of Turbogen

Turbo Energy

Turbo Energy

TURB

0.00

May 26 (Reuters) - Turbogen Ltd TURB.TA:

  • BUSINESSMAN TZACHI ABU MOVES TO ACQUIRE CONTROL OF TURBOGEN

  • TURBOGEN LTD - IN NEGOTIATIONS TO BUY 50% STAKE IN ELBATECH

  • TURBOGEN LTD - DEAL VALUES ELBATECH AT ILS 1.2 BILLION; CONSIDERATION VIA SHARE ALLOTMENT

  • TURBOGEN LTD - TZACHI ABU TO HOLD 55% STAKE IN TURBOGEN AND BECOME CONTROLLING SHAREHOLDER

  • TURBOGEN LTD - TO RESTRUCTURE INTO TWO DIVISIONS FOLLOWING DEAL COMPLETION

Source text: ID:nPn4VvWC7a

Further company coverage: TURB.TA


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.