Another bloc of Bezeq The Israeli Telecommunication Co. Ltd. (TASE: BEZQ) shares may go on the market, two weeks after controlling shareholder Ap-Sab-Ar Holdings Ltd. (the Apax Partners-Saban Capital Group Inc.-Arkin consortium) sold shares for NIS 96 million to Israeli and foreign investors. Capital market sources believe that the receiver for Gad Zeevi's shares in Bezeq, Adv. Alex Hartman, may sell a further 4-5% of the company, when the hold on the sale of the shares expires at the end of October.
In early August, Hartman sold 155 million Bezeq shares for NIS 1.15 billion. Hartman was appointed receiver of Zeevi's Bezeq shares by the banks that foreclosed their liens on the shares when Zeevi failed to meet the loan repayments. As a result of the August sale, Hartman's holding fell from 17% of Bezeq to 11.47%, currently worth NIS 2.4 billion.
Sources inform ''Globes'' that, as in August, there is heightened interest in the market in Bezeq, and sellers are waiting for the chance to sell another bloc of shares.
Bezeq's share fell 0.9% today to NIS 8, giving a market cap of NIS 21.41billion.
Published by Globes [online], Israel business news - www.globes-online.com - on October 4, 2009
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