Partners Saul Adereth and Inbar Eitan-Goldstein represented SpaceCom, the Israeli communications satellite operator, in issuing stocks to the public for 32.8 million NIS.
The stock issuing was part of the company’s efforts to strengthen its capital to ensure its financial standing with those who hold bonds.
4iG Plc., a Hungarian public company, participated in the stock issuance and acquired a 9.9% stake in Spacecom, which is the first step in purchasing 20% of Spacecom in public and private share issue, which can be increased by a further 31% in the next three years, subject to approval by the Israeli Government and shareholders.
