The company raised 250 million shekels, worth 1.25 billion shekels. The Raymond Group for infrastructure and energy has completed a public offering on the Tel Aviv Stock Exchange. The company raised 250 million shekels, worth 1.25 billion shekels. The offer was managed by Epsilon Underwriting and Publications, Poalim IBI Underwriting and Publications, and Leumi Partners. Ryomon received advice from the law firm Agmon & Co. Rosenberg Hachohen & Co. , Deloitte Brightman Almagor Zohar and Beta Finance. The Raymond Group was founded in 1997. It undertakes private projects for underground infrastructure, is the largest private water supplier in Israel, and develops energy projects. In the past two years, the group’s revenue has grown by more than 50%, totaling NIS 364.5 million in 2020. The company’s ownership is divided between Granot, the largest kibbutz company in Israel, with 44 kibbutzim partners (56.3%); The Phoenix Holdings Ltd. (TASE: PHOE1; PHOE5) (19.9%); and Youssef (Yussi) Al-Malem, the founder and CEO of the company (23.8%). Published by Globes, Israel business news – en.globes.co.il – on July 23, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 Stock Market Credit: Shutterstock
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