Economy
Gilad Altschuler Sold Control of Investment House: 'I Didn't Read the Agreement'
A conversation with Gilad Altschuler, who with his partner sold the investment house Altschuler Sham to Wissor and the third partner in the company - and the questions that follow. Also: Tamira Yardeni selling control of Teddy Productions, the Prime Minister attempting to re-legislate the budget, and food chains returning to fashion. Everything that happened today in economics.
· Source: TheMarker. Photo as published in the article
Gilad Altschuler and Ran Sham sold control of the investment house Altschuler Sham to Wissor and the third partner Yair Levenstein, and Altschuler said he did not read the agreement at all.
Gilad Altschuler and Ran Sham sold control of the investment house Altschuler Sham to Wissor, which holds control of insurance company Eilon, and to third partner in the investment house Yair Levenstein. According to the report, Levenstein holds 10% of the shares and will increase his stake to 25%, and the deal was signed on the eve of the holiday.
According to the report, Altschuler said he was not involved in the details of the agreement. 'I have no idea, I didn't read the agreement,' he said, adding: 'I'm really not a details person, I don't understand details and I'm not interested in them either.'
His partner Ran Sham handled the deal. 'I trust him and my lawyer. They sat until 5 in the morning, do you think I can sit there until 5 in the morning?' he said, adding: 'I went to play Civilization.'
On the deal itself, Altschuler said: 'I'm thrilled, I was doing well before, and I'm doing well now.' According to the report, the sale was made at 24% above market price, and the deadline for completion of the deal was set at 270 days. The report also states that billions have begun flowing out of the investment house, and that Sham and Levenstein did not answer the phone.
