Migdal is shopping for 14% of Man & Doron Levy Engineering, Development and Funding for NIS 325 million, persevering with its acquisition marketing campaign amongst actual property corporations. Man & Doron Levy is a privately-held actual property firm develops residential tasks and income-producing tasks, and is owned by brothers Man and Doron Levy.
The deal values the corporate, which is analyzing the potential of a flotation on the Tel Aviv Inventory Alternate, at NIS 2.325 billion (post-money). Migdal may even be allotted warrants for an allocation of unusual shares of the corporate representing 4% of its issued and paid capital.
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The corporate was based in thirty years in the past, and has constructed some 10,000 housing items in Tel Aviv and the middle and in addition within the north underneath Israel Land Authority tenders and together and concrete renewal offers.
The take care of Migdal falls right into a acknowledged sample of actual property corporations planning an fairness or bond providing that first herald a monetary establishment as a strategic associate.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 2, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
