TEL AVIV, July 23 (Reuters) - Israeli real estate developer Gazit Globe said on Tuesday it has agreed to acquire the remaining 40% stake in Atrium European Real Estate that it does not own for 565 million euros ($632 million).
The price reflects an 18% premium to Atrium’s most recent closing share price of 3.17 euros and a 13% premium to the average of the past 90 days.
At the same time, Gazit Globe will sell a 12% stake in Atrium to Israeli insurer Menora Mivtachim Holdings for 150 million euros. ($1 = 0.8937 euros) (Reporting by Tova Cohen, editing by Louise Heavens)
