Controlling shareholder Shlomo Shmeltzer to back out of the deal to acquire Ramet, just ten days after the intensive negotiations between the two sides first came to light.
At the same time, sources in the building sector believe the deal between Ramet and Shmeltzer fell through after it transpired that the figures provided proved "unreliable." Real estate sources estimate that this was due among other things, to the fact that Ramet's liabilities exceed its assets. They also expect Shmeltzer to begin legal proceedings against Ramet.
