For approximately 35 million shekels: The mega deal of the Haredi entrepreneur
Former CEO of 'Yesh Chesed', Daniel Verdiguer, continues to expand the marketing network he founded and purchases 11 branches of City Market for approximately 35 million shekels
Assessment
A former CEO of a charitable organization is buying 11 City Market branches for about 35 million shekels, expanding the retail network he founded. The deal signals consolidation in Israel's grocery sector, where regional players are absorbing smaller chains. Watch whether the acquisition faces regulatory scrutiny or triggers further buyouts among competitors.