Shapir Engineering
Found 7 recent publications
Supreme Court Rejects Magnezi Appeal in Aviron External Director Dispute
The Israeli Supreme Court rejected Gabriel Magnezi's appeal, upholding the disqualification of his votes in appointing an external director at Aviron, a publicly traded company co-owned with Shapir Engineering.
Tel Aviv Court Strips Shareholder Veto in Aviron Industries Corporate Dispute
The Tel Aviv District Court stripped a major shareholder of veto power in a dispute at Aviron Industries, appointing an external director to break a corporate deadlock.
Meitav Buys 11.5% of Shapir Infrastructure Partnership for 109 Million NIS
Meitav is acquiring an 11.5% stake in Shapir Engineering's infrastructure partnership for 109.25 million NIS. The deal brings total institutional ownership of the highway portfolio to 70%, valuing the partnership at 950 million NIS.
Summit Increases Ashdod Refinery Stake to 16.9% Amid Shapir Hurdles
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.
Paz sells its holdings in Ashdod Oil Refinery for 75 million shekels
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.
3-fold profit jump: Real estate and infrastructure giant crushes forecasts
While commodity prices are rising and construction companies are struggling, Shapir Engineering presents good data, including a jump in apartment sales. Revenue jumps to 1.68 billion shekels.
Unusual move on the stock exchange: The company is suing its largest shareholder
On one side is Shapir Engineering, the controlling shareholder that appointed the management and wants to raise the CEO's salary. On the other side is Gabi Magnazi, the former controlling shareholder who remained with 28.3% and defeats every vote. In the middle: a company without a legal board of directors, which is now turning to the court. What is happening at Averot and what does it mean for...