Internet Gold Announced Signing of the Definitive Agreement for the Searchlight Transaction
INTERNET GOLD GOLDEN (IGLD)
US:NASDAQ Investor Relations:
igld.com
Company Research
Source: GlobeNewswire
Ramat Gan, Israel, June 24, 2019 (GLOBE NEWSWIRE) -- Internet Gold - Golden Lines Ltd. (the “Company” or “Internet Gold”) (NASDAQ Global Select Market and TASE: IGLD) today announced signing of the definitive agreement for the ‘Searchlight Transaction’ by the parties thereto – the Company, B Communications Ltd. (“BComm”), Searchlight II BZQ, L.P. (“Searchlight SPC”) and T.N.R. Investments Ltd. (“Fuhrer SPC” and together with Searchlight SPC, the “Purchasers”). As previously announced by the Company, the transaction will include, inter alia, the sale by the Company of its entire holdings in BComm for an aggregate amount of NIS 225 million and an investment by the Company in BComm of NIS 345 million (comprised of the amount to be paid by the Purchasers and an additional amount of NIS 120 million). Pursuant to the transaction, the Company will receive NIS 310 million par value of Series C debentures of BComm as well as 8,383,234 ordinary shares of BComm. Upon the closing of the
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