Elran buys 50% of Fairford

Elran, which owns 31.5% of Pettinger, is expected to close the acquisition by October 21.

September 20, 2007 07:41


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Elran Real Estate has entered into an agreement through its subsidiary Pettinger Holdings Limited to buy a 50 percent stake in Russian realtor Fairford in a deal worth $23.4 million. Elran, which owns 31.5% of Pettinger, is expected to close the acquisition by October 21. Fairford registered on the Virgin Islands owns the rights to a 600 square meters ground located in the business center in Moscow with an office building of 8,500 square meters.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection