Dudu Ezra Group Acquires Stop Market for 680 Million Shekels

Dudu Ezra Group, which operates Shuk Herzl, has completed the acquisition of the Stop Market supermarket chain for approximately 680 million shekels, Israeli financial outlets Globes and Calcalist reported.

According to the reports, the Competition Authority approved the transaction, and Bank Hapoalim is set to provide about 500 million shekels in financing to fund the deal.

Following the merger, the retail group will operate 23 branches with an estimated annual turnover of roughly 1.5 billion shekels. The company also plans to expand by opening ten additional branches in the future.