October 09, 2011

Gornitzky & Co. represents Melisron Ltd., of the Ofer Brothers group, in raising NIS 529 million.

Gornitzky & Co. represented Melisron Ltd. (TASE: MLSR), of the Ofer Brothers group, in raising NIS 529 million (approximately USD 150 million) through debentures secured by shares of British-Israel Investments Ltd.

In April 2011, Gornitzky represented Melisron in purchasing 70% of the capital stock of British-Israel for approximately NIS 1.7 billion. Melisron-British is now the largest group in the Israeli shopping malls industry, managing approximately 20 shopping malls across Israel.

Mr. Itay Geffen (Partner) and Mr. Guy Keren led the representation.

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