Israeli firm to float
FILED UNDER SOMETHINGISRAELI >> Business
FILED UNDER SOMETHINGISRAELI >> Business
Africa Israel
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Africa Israel, one of Israel's biggest companies with interests ranging from leisure to technology is to list its European property division AFI Europe on London's AIM stock market.
The listing aims to help raise 100 million euros to fund a number of new and existing projects and will represent between 25 and 30 percent of the company being sold when it joins the market in June.
AFI Europe owns a portfolio of real estate across eastern and central Europe covering both residential as well as office and retail.
Africa Israel itself is majority owned by billionaire diamond merchant Lev Leviev which recently announced it would be opening a $370m Hard Rock theme park devoted to music in South Carolina.
For more information: www.africa-israel.co.il