Markstone ups Solomon stake to 90%

Last week, Markstone acquired 10% of Solomon Capital Markets from Tao Tsuot and an additional 10% from E. Solomon Investment and Consultancy.

By SHARON WROBEL
January 4, 2006 07:50

Markstone Capital Partners Fund bought the remaining 10 percent stake, which Tao Tsuot held in Solomon Capital Markets for NIS 26 million, increasing its shareholding in Solomon to 90%. Last week, Markstone acquired 10% of Solomon Capital Markets from Tao Tsuot and an additional 10% from E. Solomon Investment and Consultancy. In November, investment fund Markstone agreed to invest approximately NIS 300 million in Solomon Capital Markets to gain a 60% stake in the company.


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