Angel Bakeries

Angel Bakeries Group has raised its fire damage estimate to 100 million NIS as its insurer refuses to pay the policy. The company reported an 11.1 million NIS net loss for the first half of the year.

A fire at the Angel Bakeries plant in Kfar HaHoresh has caused damage estimated in the tens of millions of shekels. The insurance company has rejected the claim, offering only partial compensation, leading to a legal dispute.