Electra

Electra Consumer Products has completed the acquisition of 50% of Inter Fashion for 10 million shekels. The company, which holds the exclusive franchises in Israel for Calzedonia, Intimissimi, and Tezenis, is expected to end 2026 with a turnover of more than 40 million shekels. The plan: dozens of new stores by the end of 2029.

Electra has divested its contracting operations in Nigeria for $15 million, marking the company's complete exit from Africa. The decision follows limited business scale and a challenging operating environment.

The infrastructure and construction giant concludes an exceptionally strong quarter with revenue of about 4 billion shekels and presents an unprecedented figure in its backlog for the rest of the year. It will distribute dividends in the amount of tens of millions of shekels.

Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and...

Electra has won the tender for the construction and operation of the fast lane on Highway 5. The project is estimated at 2 billion shekels and is expected to be operational by 2031.

Electra has won the tender for the Highway 5 project, which includes a 25 km two-way fast lane and a transport hub with 3,200 parking spaces. The project is expected to be operational by 2031.

The infrastructure giant Electra continues to expand its transport empire: through its subsidiary Electra Apikim, it is purchasing 51% of the Be’er Sheva bus company “Matai Leyv”. The deal, valued at tens of millions of shekels, reflects a valuation of approximately NIS 100 million for the southern company.

Electra, through its subsidiary Electra Afikim, has acquired a 51% controlling stake in the transport company Metaylei Lahav. The deal values Metaylei Lahav at approximately 100 million shekels.

Partner will provide the communications infrastructure for the Gush Dan congestion pricing project. The company expects to generate up to 100 million shekels in revenue over the two-decade operational period.