Partner shareholder Saban to give up 30% stake

Tuesday 24 September 2019 | 09:29 CET | News
Israeli operator Partner Communications' controlling shareholder Haim Saban is relinquishing his shares in the company, after failing to secure better terms on a loan he used to pay for the stake, Reuters reports. Saban bought a 30 percent stake in Partner in 2013 using a USD 300 million loan from Hutchison Whampoa. Repayment is due in January 2020, and Saban had used his holdings in Partner as collateral for the loan.

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Categories: General
Companies: Cellcom Israel / CK Hutchison / Partner Communications
Countries: Israel
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