Searchlight Capital updates offer to buy control in Israel's Bezeq

B Communications

14/05/2019 08:17

JERUSALEM, May 14 (Reuters) - 
    * U.S. private investment firm Searchlight Capital Partners
has
updated its offer to buy a controlling stake in the parent
company of Bezeq Israel Telecom  BEZQ.TA , according to a
regulatory filing on Tuesday.
    * Internet Gold  IGLD.TA  has been searching for a buyer for
its
majority stake in B Communications  BCOM.TA  since mid-2018
under pressure from bondholders. BCom's single asset is a 26.34
percent controlling stake in Bezeq, Israel's largest telecoms
group.  urn:newsml:reuters.com:*:nL5N20Q05H
    * Searchlight offered a total equity investment in BCom of
330
million shekels ($92 million), of which 260 million shekels will
be invested into BCom and another 70 million as an equity
offering to BCom equity shareholders, the filing said.
($1 = 3.5717 shekels)


 (Reporting by Ari Rabinovitch
Editing by Steven Scheer
)
 ((ari.rabinovitch@thomsonreuters.com;  +972-2-632-2202; Reuters
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))