Leumi snaps up 18% of Super-Pharm

The Super-Pharm Israel Group owns parts of the Toys R' Us, Blockbuster and Office Depot chains in Israel, as well as Super-Pharm Poland and Super-Pharm China.

Bank Leumi announced on Wednesday that it completed a purchase of 18 percent of the Super-Pharm Israel Group from GRI Global Retail-Investment B.V., the controlling shareholder of Super-Pharm, for NIS 180m. Included in the deal was an option for Bank Leumi to purchase another 2% of the company. The Super-Pharm Israel Group owns parts of the Toys R' Us, Blockbuster and Office Depot chains in Israel, as well as Super-Pharm Poland and Super-Pharm China.