Alrov

Alfred Akirov is privatizing Alrov Properties and Lodgings, delisting its shares from the Tel Aviv Stock Exchange. Simultaneously, he faces a class action lawsuit from minority shareholders claiming undervaluation, with damages potentially reaching 86.9 million NIS.

Alfred Akirov is advancing his plan to delist Alrov Properties from the Tel Aviv Stock Exchange through a tender offer worth up to 788.4 million shekels. The move aims to bypass regulatory hurdles and bring him closer to controlling Clal Insurance.

Alfred Akirov announced a NIS 788 million buyout offer to delist Alrov Real Estate from the stock exchange, offering a 21.6% premium to acquire full control.