Fimi fund buys 25% of Scope Metals

Scope Metal Trading & Technical Service Ltd. said Sunday it would accept an offer from Fimi Opportunity Fund to pay NIS 53.50 a share, or NIS 147.12 million, for 25.10% of the company, making it Scope's second largest shareholder.

By AVI KRAWITZ
February 13, 2006 07:56

 
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Scope Metal Trading & Technical Service Ltd. said Sunday it would accept an offer from Fimi Opportunity Fund to pay NIS 53.50 a share, or NIS 147.12 million, for 25.10% of the company, making it Scope's second largest shareholder. Businessman Shmuel Slomo, who currently has a controlling 54% share in Scope, will see his interest drop to less than 50% after the deal, a spokesman for the company said.

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