Shufersal Ltd (TASE:SAE) announced a private placement of 8,000,000 common shares at ILS 17.58 per share for gross proceeds of ILS 140,640,000 on June 25, 2017. The transaction is led by Altshuler Shaham Group for 60% of the offering and several other investors. The investors will acquire 3.4% stake in the company.