Reorganization

Africa Israel Residences is reorganizing its business by spinning off 1.1 billion shekels in income-producing assets into a new sister company, aiming to unlock value.

Cellebrite is moving its incorporation from Israel to the U.S. in a multi-billion dollar strategic shift aimed at securing major American defense contracts and broadening investor appeal.

The board of directors of the First International Bank has approved the merger of its technological subsidiary into the parent organization. The move is intended to streamline resources, strengthen digital innovation, and simplify the group's organizational structure.

The Mexican company Braskem Idesa, which operates in the USA, has filed for bankruptcy (Chapter 11) and will reduce its massive debt from $2.5 billion to $1.6 billion.