Loan
Found 5 recent publications
Arieli Group reaches settlement with Phoenix, and its controlling shares in Elron will not be sold
The Arieli Group has reached a framework agreement with Phoenix Investment House to settle debts, ensuring it retains control of Elron. The lender had previously demanded repayment due to a decline in the value of the pledged shares.
Phoenix attempts to realize controlling shares in Elron after Arieli failed to meet conditions
The Arieli Group, the controlling shareholder of Elron, has breached loan covenants related to its acquisition of the company from Phoenix Investment House. Consequently, Phoenix has begun seeking buyers for the pledged shares.
Loan scam on Telegram: Young woman from the south robbed and blackmailed
A young woman who requested a 24,000 shekel loan via Telegram was robbed by two suspects immediately after withdrawing the cash. The lender is now blackmailing the victim, demanding repayment of the stolen funds.
Prashkovsky registered thousands for apartment tender - but takes a loan at 10% interest
While real estate companies suffer from financing costs that weigh on them and erode entrepreneurial profit, the company took a loan of 22 million shekels at a prime plus 5% interest rate. At the same time, the company claims that thousands registered for a tender in which it marketed 400 apartments.
Two Hapoel Be'er Sheva players did not fly to Romania and will be loaned out
Yoav Koren will complete his move to Maccabi Petah Tikva, which hoped to sign him earlier this summer. Mor Siman Tov, who also hoped to stay, will likely be sent to Ironi Kiryat Shmona.