Businessman: Biggest Deal in Israel's History Shows 'Anyone Can'
Israeli businessman Ilan Ben Dov completed the largest purchase ever in Israel. Ben Dov bought control of "Partner," operator of the "Orange" Mobile Telephone Network in Israel. INN TV's Yoni Kempinski spoke with Ben Dov, who said that his story proves that anyone can make it big.
"I was an average boy in southern Tel Aviv and today I'm buying a cellular company. Anyone can do it," he said.
The transaction was closed officially on Thursday between Advent Investments Pte Ltd. ("Advent"), a wholly-owned subsidiary of Hutchison Telecommunications International Limited ("Hutchison Telecom"), and Scailex Corporation Ltd. ("Scailex"), an Israeli corporation listed on the Tel Aviv Stock Exchange, pursuant to which Advent sold to Scailex its entire 51.2% equity interest in Partner for a consideration of approximately 5.3 billion shekels ($1.4 billion), which represents approximately 67 shekels ($17.72) per share. As a result of the deal and various subsequent transactions, Scailex and its affiliates now hold approximately 45 percent of Partner's outstanding shares.