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    NOST   VGG826421023

NOSTROMO ENERGY LIMITED

(NOST)
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An unknown international entity cancelled the acquisition of Somoto Ltd..

07/25/2018 EST

An unknown international entity made an offer to acquire Somoto Ltd. (TASE:SMTO) for approximately ILS 260 million on July 25, 2017. As part of the transaction, the unknown international entity made an offer to acquire Somoto at a price of ILS 3.7 per share. In a related transaction another unknown international entity made a competing offer to acquire Somoto at a price of ILS 4 per share on July 25, 2017. The deal is subject to Board’s approval and pre-conditions, including the signing of a definitive agreement. An unknown international entity cancelled the acquisition of Somoto Ltd. (TASE:SMTO) on July 25, 2018.


ę S&P Capital IQ 2018
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2019Zvika Barenboim signed a binding deal to acquire the remaining 99.7% stake in Somoto Lt..
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2018An unknown international entity cancelled the acquisition of Somoto Ltd..
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2018An unknown international entity cancelled the acquisition of Somoto Ltd..
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Managers and Directors
Yoram Ashery Chief Executive Officer
Yaron Ben Nun President & Director
Ofir Ben Nun Steinberg Chairman
Ori Asscher Chief Engineering Officer
Menachem Buchsbaum Vice President-Operations
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