Article: Ocif buys Alony Hetz's Ogen stake at NIS 571m value: Ocif controlling shareholder Rachel Aviv distributes her NIS 205 million stake among her four children.

Byline: Uri Shuster

Jan. 8--Ocif Investments and Development Ltd. (TASE: OCIF) has acquired the 43.8 percent stake in Ogen Yielding Real Estate Ltd. (TASE:OGEN) held by Alony Hetz Property and Investments Ltd. (TASE: ALHE) for NIS 250 million. A binding contract is expected to be signed no later than January 15.

The price tag gives Ogen a company value of NIS 571 million, 22 percent above today's market cap.

Alony Hetz said it would report a capital gain of NIS 140 million on the sale. Sources inform "Globes" that, during the negotiations, the possibility arose that Alony Hetz subsidiary Amot Investments Ltd. (TASE:AMOT might buy Ocif's stake ...

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