Melisron has terminated its planned acquisition of a 51% controlling stake in Kenyon Hazahav, the Golden Mall in Rishon LeZion.
The company walked away from the transaction after receiving indications from Israel’s Competition Authority that the deal would likely face regulatory rejection.
Insurance company Migdal recently purchased the remaining 25% stake in Kenyon Hazahav from the Gindi family, consolidating its position before Melisron’s attempted takeover.
The collapse of the deal follows a recent shift in ownership structure at the mall.
Insurance company Migdal recently purchased the remaining 25% stake in Kenyon Hazahav from the Gindi family, consolidating its position before Melisron’s attempted takeover.
The Competition Authority’s intervention suggests concerns over market concentration or competitive impact in the local retail real estate sector.
For Melisron, the aborted deal represents a strategic setback in its portfolio expansion efforts.