Shapir
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Shapir will not acquire 5% of the Ashdod Oil Refinery from Paz
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 battle over the Ashdod oil refinery reaches the court: a shareholder demands to disclose the agreements with Shapir
A shareholder of the Ashdod oil refinery has filed a request with the Tel Aviv District Court to disclose documents regarding the company's relationship with Shapir Engineering. The plaintiff is preparing a derivative lawsuit, alleging that the board of directors unlawfully granted Shapir de facto control over the refinery.

From the Budget Department to Shapir: Yogev Gardos' new job
Gardos, former head of the Budget Department at the Ministry of Finance, will join Shapir Engineering as a senior executive and will be appointed head of the Finance and Business Development Division. Yesterday, Shapir published its second-quarter reports, with revenues jumping by approximately 21% to about 1.7 billion shekels; a special improvement was recorded in the real estate sector.

Despite regulator opposition, Shapir deepens its hold on the Ashdod oil refinery with a 3-year consulting agreement
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.