Searchlight Capital tables revised bid for Bezeq stake

5 Mar 2019

Private investment firm Searchlight Capital Partners has reportedly made a fresh offer to acquire a controlling stake in the parent company of Israeli fixed line incumbent Bezeq. According to Reuters, which cited a regulatory filing, Searchlight has offered to buy 19.4 million shares in B Communications – which has just one asset in the form a 26.34% stake in Bezeq – for ILS20 (USD5.5) per share.

Last month Searchlight was reported to have offered to buy the shares from B Communications’ controlling shareholder Internet Gold at ILS17 per share, plus a further ILS8 per share contingent on meeting certain targets. At the same date it also made an alternative offer of ILS17.5 per share with no further conditions.

Israel, Bezeq (Israel Telecommunication Corporation)