How Mega Mergers Affected the Tel Aviv Stock Exchange

in Economy & Innovation

PepsiCo digested the Israeli powerhouse company of Soda Stream days ago for a whopping $3.2 billion dollars. This means that the company which once helped boost the Tel Aviv Stock Exchange (TASE) will leave the dual market and be placed with PepsiCo at the New York Stock Exchange.

A recent announcement from CEO Itai Ben Zeev, announced that one third of the market will be placed on the public market, possibly as soon as November 2018. So far, the market has been valuated at $151 million dollars; however, the TASE executive hopes for a higher figure by the time it’s made official.

The announcement comes after recent approval from the Israel Securities Authority to sell Israeli stocks to non-Israeli companies, which is already in the works with investments in companies from Australia, Germany and United States.

Manikay Partners LLC, a well-known Australian firm will acquire about 20% of the TASE, while four other international investors about 12% each, with about 32% being placed on the public market in this upcoming November.

The decision was supported by the Israel Securities commissioner, Anat Guetta, who states that the new move allows “the exchange to chart a new course as a competitive and advanced business,” and hopes it will continue to develop Israel within the competitive global market.



Based in the startup city of Tel Aviv, Zo Flamenbaum is a writer and social entrepreneur who dedicates her time to mission-driven projects that empower connection between the many diverse layers of our world. In 2014, she founded School of Shine as a value-based educational space for women who are tired of the ‘default life’ and crave personal freedom through self-expression for more purposeful living.

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