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Naschitz Brandes Amir represents Shikun & Binui in the formation of an infrastructure fund and the acquisition by such fund from Shikun & Binui the majority of its holdings in the concessionaires of the Carmel Tunnels and the Netivei Ha-Tazfon projects
Naschitz Brandes Amir represents Shikun & Binui, one of Israel's largest infrastructure companies, in the formation of an infrastructure fund and the acquisition by such fund from Shikun & Binui the majority of its holdings in the concessionaires of the Carmel Tunnels and the Netivei Ha-Tazfon projects in consideration for more than NIS 580 million. The investors in the fund consist of four leading Israeli insurance companies and pension funds - Amitim, Menora, the Phoenix and Clal - and the fund will be managed by Shikun & Binui.
 
The fund formation represents a novel structure in Israel, whereby an Israeli infrastructure company creates a platform that provides institutional investors a channel to benefit from the attractive yields generated by operation phase infrastructure projects sponsored by it, while retaining the management of such projects.
 
The Naschitz Brandes Amir team was led by partners, Sharon A. Amir, Tuvia J. Geffen and Avishai Eliash, and associate Maya Toledano.