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Bethel Finance news:
Gazit-Globe Ltd. (TASE: GLOB) raised a gross $81 million in its offering on the New York Stock Exchange (NYSE) yesterday. The real estate company, controlled by chairman Chaim Katzman and president Dori Segal, sold nine million shares at $9 each. The underwriters have an option to buy an additional 1.35 million shares, which would bring the amount raised to $93.2 million if exercised.
As part of the offering, Gazit-Globe's parent company Norstar Holdings Inc. (TASE: NSTR) agreed to purchase 2.5 million ordinary shares.
Last week the company filed with the US Securities and Exchange Commission (SEC) to raise up to $145 million through a public offering of 12 million ordinary shares.
Citigroup and Deutsche Bank Securities were the underwriters for the offering while Barclays Capital and TD Securities acted as co-managers.
Gazit-Globe will begin trading today on the NYSE under the symbol "GZT."
In a separate development today, REIT 1 Ltd. (TASE:RIT1) bought 49% of the Drachim Mall in Yokne'am from Gazit-Globe subsidiary Gazit-Globe Israel (Development) Ltd. for NIS 76.5 million. The 14,000-square meter mall has just been renovated. REIT 1 will be eligible for 49% of the mall's net operating income (NOI) or a minimum NOI of NIS 7.6 million.
Gazit-Globe's share price opens at NIS 35.91 on the TASE today, giving a market cap of NIS 5.5 billion.
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