Businessman Tzachi Abu Moves to Acquire Control of Turbogen

By SquaredTown on May 26, 2026

Turbogen is in negotiations to acquire a 50% stake in Elbatech from Abu Yehiel, a company controlled by Tzachi Abu. The transaction reflects a valuation of approximately ILS 1.2 billion for Elbatech; the consideration will be paid via share allotment, resulting in Tzachi Abu holding a...

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