G City

The income-producing real estate company G City has removed the approval of a special compensation package for incoming CEO Keren Khalifa from its shareholders' meeting agenda following opposition from institutional investors. Market sources previously cited this move as a factor in the collapse of the deal to sell G City to Tzahi Abu.

G City reached 91% in the tender offer for Citycon shares. The company intends to initiate a squeeze-out of remaining shares and delist Citycon from the Helsinki Stock Exchange. Chaim Katzman announced plans to sell non-core assets and continue deleveraging.

Income-producing real estate company G City is planning to sell assets in Europe, the USA, and Brazil to reduce its high debt levels. The strengthening of the shekel and asset divestments impacted the company's second-quarter financial results.

G City CEO Chaim Katzman plans to spin off assets into a new subsidiary, 'Naga Commercial Properties,' distributing shares to existing investors. While intended to reduce debt, market analysts warn of significant risks and high leverage.

From Ormat, through A. Dori, to Norstar and G City, the veteran businessman has experienced several confrontations and struggles over the last two decades, from which he often emerged battered. All this while the value of his life's work, the real estate company G City, continues to shrink. Following the collapse of the deal to sell control of the company to Tzahi Abu, the market wonders how much...

Following the cancellation of the deal with Tzahi Abu, G City and Norstar shares recorded price declines yesterday. We examine the current market situation and the reaction of Ari Real Estate shares.

A month after it was signed, the deal to sell control of G City to Ari Nadlan and Ispro has fallen through. Chaim Katzman cited concerns over the new partners' financial profile and deviations from the original agreement.

Over the past two weeks, the relationship between businessman Tzahi Abu and the company's controlling shareholder Chaim Katzman has hit a dead end.

The G City deal is on the verge of collapse as trust between Chaim Katzman and Tzahi Abu deteriorates rapidly. The parties are in conflict over management control, corporate strategy, and planned executive salary cuts.

The deal for G City appears to be on the verge of collapse due to a growing conflict between Chaim Katzman and the buyers. Associates of Tzahi Abu accuse Katzman of sabotage and questionable management decisions.

Just before the change of control in the real estate company, the outgoing controlling shareholder Chaim Katzman is seeking to accelerate the appointment of Keren Khalifa as CEO. If she is fired after the transfer of control to Tzahi Abu and his partners, Khalifa will receive a bonus of 200% of her annual salary.

About a month and a half ago, the real estate company G City announced the appointment of Keren Khalifa as CEO, replacing Haim Katzman. However, the expected transfer of control and the plans of Tzahi Abu and Kidan Dahari to lead G City in a new direction raise questions regarding the realization of this appointment.