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Gazit-Globe Completes $138 Million Common Stock Offering

TEL-AVIV, ISRAEL-Israili/US company will move funds toward operations. Closing price was about $13.25 per share.

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TEL-AVIV, ISRAEL-Gazit-Globe, one of the world’s top multi-national real estate companies focused on supermarket-anchored shopping centers, has closed its public offering of 10,439,020 shares on the Tel-Aviv Stock Exchange, with a closing price of approximately $13.25 (NIS 47.9) per share.

The proceeds, approximately $138 million (NIS 500M), are intended for use for general corporate purposes and to reduce outstanding lines of credit, the company said in a statement.

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