Internet Gold examining sale of controlling stake in Bezeq

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JERUSALEM (Reuters) – Web Gold – Golden Traces stated on Sunday it was contemplating provides to promote half or all of its shares in B Communications, by which it controls Israel’s largest telecoms group, Bezeq.

The brand of Bezeq Israeli Telecommunication Corp Ltd, the nation’s largest telecom group, is seen outdoors their headquarters in Tel Aviv, Israel June 21, 2017. REUTERS/Amir Cohen

Web Gold stated a number of potential consumers had expressed curiosity in its 64.78 % stake in BCom, an organization with a single asset – a 26.34 % controlling stake in Bezeq.

Web Gold is “analyzing the opportunity of advancing any of the provides over the subsequent two weeks and the feasibility of implementing a transaction,” it stated in a press release on the Tel Aviv Inventory Trade.

Web Gold, which is managed by indebted Israeli holding firm Eurocom, can be persevering with to look at the opportunity of an issuance of capital within the close to time period.

Reporting by Ari Rabinovitch; Enhancing by Tova Cohen

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