Holding firm B Communications (TASE: BCOM), previously the controlling shareholder in Bezeq (TASE: BEZQ) goes into liquidation, and its money, amounting to nearly NIS 2.8 billion, will likely be distributed to its shareholders (NIS 26.5 per share).
The corporate’s money steadiness arises from the sale of the controlling holding in Bezeq. The distribution date is January 8. Buying and selling in B communications inventory has been halted, and the corporate will likely be delisted this Monday, December 22. The corporate will retain NIS 60 million to cowl liabilities and working bills.
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The principle beneficiaries of the dividend are Searchlight Capital, which holds 66.6% of B Communications and can obtain NIS 1.8 billion, and David Fuhrer, who holds 12.6% and can obtain NIS 350 million. Each have already gained considerably from the acquisition of the corporate in Shaul Elovitch’s debt settlement in 2019.
A month in the past, B Communications accomplished the sale of its 16% holding in Bezeq for a complete of NIS 2.7 billion. The sale was led by Citibank and Jefferies along with native funding home Chief Capital Markets, after Prime Minister Bejamin Netanyahu gave approval for Bezeq to turn out to be an organization with no controlling core.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 18, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
