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JERUSALEM (Reuters) – US private equity firm Searchlight Capital Partners has offered up to NIS 485 million ($ 133.3 million) to acquire a majority stake in Bezeq Israel Telecom's parent company, according to a regulatory document. .
Internet Gold is seeking a buyer for its majority stake in B Communications since mid-2018 under pressure from bondholders. BCom's only badet is a 26.34% majority stake in Bezeq, Israel's largest telecommunications group.
Internet Gold announced Sunday that Searchlight had offered to buy its 19.4 million BCom shares of 17 shekels each to be paid at closing, as well as up to 8 additional shekels per subordinate share to the achievement of certain objectives.
Searchlight also offered a second option of 17.5 shekels per share with no other condition.
BCom was down 1.9% to 16.35 shekels in afternoon trading.
Internet, said Searchlight would begin a seven-day bargaining period on Feb. 14. The Internet has not yet reviewed the proposal of its board of directors and expects the project to be discussed at Thursday's bond meeting.
Report from Steven Scheer; Edited by Tova Cohen
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