Bill Ackman and his wife Neri Oxman have acquired a stake in the Tel Aviv Stock Exchange, in a transaction that marks one of the most significant investments in Israel since its war against Hamas began in October. They bought a 4.9% share, the exchange said on Wednesday, as part of a wider stake sale worth Shk353mn ($95mn).
The couple were the only buyers named by the exchange. They paid about $25mn for their stake, according to Financial Times calculations. Shares in the Tel Aviv Stock Exchange climbed as much as 9% this morning. Read the full story here:
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