Paz

Paz is selling its entire 4.9% stake in the Ashdod Oil Refinery for approximately 75 million shekels. The sale is being conducted through the brokerage firm Leader amid a surge in trading volume.

Shapir Engineering has declined its option to purchase a 4.99% stake in the Ashdod Oil Refinery from Paz. The decision follows regulatory hurdles and the company's failure to meet conditions regarding the sale of its natural gas distribution licenses.

The Ashdod oil refinery's board of directors has extended its consulting agreement with Shapir for three years, until August 2029, despite the Concentration Committee's recommendation against Shapir gaining control over the refinery.

Paz benefited from an improvement in fuel margins and increased net profit by 14% for the quarter. Despite the strengthening of the shekel and a decrease in revenue, Albad recorded organic growth of 7% in original currencies, led by the European market.

The Paz Group finished the second quarter with a net profit of 158 million shekels, a 14% increase compared to the same period last year. The company also announced a dividend distribution of 130 million shekels.

The Paz Group has suspended the option to purchase Bitcoin via the Yellow app in partnership with Bits of Gold. The move follows a cyber incident involving software provider Meta Base.

The Yellow chain is launching a new nationwide initiative: customers paying via the app can purchase a hot dog for only 5 shekels, with a limit of 2 portions per day. The move comes against the backdrop of rising fast-food prices.

Ultra-fast charging stations will be set up in BIG shopping complexes across the country. The first one: at the complex at Check Post in Haifa.

The battle for the acquisition of Wolt Market has entered its decisive stage. Four groups have submitted offers to purchase the retail chain, with the highest bid reaching approximately 300 million shekels.