Client updates / Merger Approval

Israel: Merger Parties Fined for Exchanging Sensitive Information

10 June 2024 / Gal Rozent, Irit Brodsky

The Israel Competition Authority published a consent decree for public comment and ruled that Mizra and Zilber violated the Competition Law by exchanging sensitive business information during their transaction negotiations. Jointly, the companies must now pay a fine of ILS 1.5 million to the State treasury.

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Categories: Antitrust and Competition

Merging without Approval: Strauss Group Might Pay ILS 111 million

2 August 2023 / Gal Rozent, Ran Karmi

According to the Competition Authority’s Director General, the negative covenants included in the merger agreement between Strauss Group and Wyler Farm raise concerns of harm to competition, and the parties began implementing the merger before receiving approval.

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Categories: Antitrust and Competition

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Client updates / Merger Approval