www.bethelfinance.com
Sources inform ''Globes'' that DIY chain Ace Auto Depot Ltd. (TASE:ACDP) could be sold next week. The company, controlled by Moshe Gaon through B. Gaon Holdings Ltd. (TASE: GAON) and Shlomo Zbeda, is run by trustees under a stay of proceedings.
In a separate development, the Central District Court in Petah Tikva today issued a temporary injunction against the landlords of Ace stores from cancelling the leases or signing new ones with other tenants. Ace is operating under a stay of proceedings. The court sided with Ace's trustee that cancelling its leases would deliver a lethal blow to the company, and make it impossible to sell.
Ace has 44 stores nationwide, and owes NIS 450 million. The court issued a stay of proceeding order against the company on January 18 and appointed Adv. Amir Palmer and Boaz Gazit CPA as trustees. On January 29, they published an offer for bids to buy the company as a going concern.
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