BP schreef op 15 november 2018 16:19:
Kardan is selling Kardan Technologies to an unconnected third party for NIS 58.4 million.
Holding company Kardan NV (TASE: KRNV;AEX:KARD) is stocking up on cash and getting rid of its exposure to the technology sector. Kardan Israel Ltd. (TASE:KRIS) today reported an agreement to sell Kardan Technologies, a fully-owned subsidiary, to an unconnected third party for NIS 58.4 million. The deal will yield Kardan a NIS 10-15 million capital gain.
Kardan Israel's main asset is a 57% holding in Kardan Real Estate Enterprise and Development (TASE: KARE), which deals in residential real estate and construction through its El-Har Engineering and Construction subsidiary. Kardan Real Estate's market cap is NIS 290 million, so Kardan Israel's shares in that company are currently worth NIS 165 million.