Delek Real Estate added that, if the deal is closed, it expects to report a net capital gain of NIS 40-60 million. The net capital gain will total NIS 70-100 million including a 40 percent deferred gain, assuming an equal value for Dankner Investments and Kardan Real Estate.
A deal to sell Dankner Investments to Azorim Investment, Development and Construction Ltd. (TASE: AZRM) last year was called off.
