Baza

Zohar Levy's Summit acquired a 4.9% stake in Ashdod Refinery from Paz for 75 million NIS, raising its total holding to 16.9% and challenging Shapir's control ambitions.

Local refining companies have faced a challenging year marked by operational disruptions and the impacts of war. Despite these hurdles, a sharp surge in refining margins has led to a doubling of the value of Bazan and BAZA shares year-to-date, providing significant returns for shareholders.