Kenyon Hazahav Mall

Melisron (TASE: MLSR) has given up on the deal to buy 51% of Kenyon Hazahav (the Golden Mall) in Rishon LeZion, two weeks after insurance company Migdal bought the 25% of the mall it did not already own from the Gindi family for NIS 840 million. Migdal bought 75% of the mall, which was built by Moshe and Yigal Gindi and has been managed by them since the early 1990s, in 2008.

Anduril CEO to visit Israel this week Israel’s fiscal deficit continues to narrow Brothers Moshe and Yigal Gindi built the successful mall in Rishon LeZion in the 1990s. Insurance company Migdal is buying the Gindi family’s share of the Kenyon Hazahav (Golden Mall) shopping mall in Rishon LeZion for NIS 840 million. Kenyon Hazahav was built in the 1990s by brothers Moshe and Yigal Gindi. Nearly twenty years ago, Migdal bought 75% of the mall for NIS 1 billion.

Melisron (TASE: MLSR) reported at the end of last week that it had signed an agreement to buy 51% of the rights in Kenyon Hzahav (Golden Mall) in Rishon LeZion for NIS 818 million from Migdal (TASE: MGDL) and other owners, with the possibility of expanding the acquisition to up to 70% in the future. At present, the mall is owned by Migdal (75%) and Gindi (25%). After the current deal is completed, Kenyon Hazahav will be owned by Melisron and Migdal, with Melisron managing it.