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Shikun & Binui Publishes Tender Offer To Acquire Controlling Stake In ADO (ADO TA); Upon Completion, Company Expects To Record NIS300m-380m In Net Profit

Shikun & Binui Publishes Tender Offer To Acquire Controlling Stake In ADO (ADO TA); Upon Completion, Company Expects To Record NIS300m-380m In Net Profit

ADO is an active player in Berlin's residential real estate market with holdings in over 20,000 rental apartments and other properties in the city. Shikun & Binui views ADO as a strategic asset, and sees this move as an execution of its decision to expand the Company's income generating assets (IGAs) business