December Edition 2019

32 Roundup of Market Trends and News from Israeli Financial Press (October-December 2019) 03 Israel's national AI plan unveiled: NIS 1-2 billion annual investment by government needed to become one of top 5 countries Web Link Fintech company Capitolis has announced the successful completion of its Series B round of USD 40 million Web Link Gazit Globe, Dori Segal form Canadian real estate partnership Web Link Israeli fintech company BlueVine completes USD 102 million financing round. Web Link Baring Private Equity Asia is buying Lumenis from XIO at over USD 1 billion valuation Web Link Israeli supermarket chain Yochananof makes successful IPO, raising NIS 460 million in the institutional stage; at a valuation of NIS 1.85 billion Web Link Deloitte: Retailers worldwide invested USD 6.2 billion in installing Israeli technology in 2018; 450 Israeli startups in this sector, which have raised an aggregate $1.5 billion capital in the past four years Web Link Innovation Authority, Securities Authority team to aid fintech cos in NIS 6 million scheme Web Link UK prepared food chain Pret a Manger eyes Israel Web Link IDB Development completes NIS 236 million bond offering Web Link Accelmed seeks USD 400 million for new medical devices fund Web Link Business Judgment Rule - Dividend Distribution - Lipa Meir In a recent ruling by the Judge of the Economic Department of the Tel Aviv District Court, Ruth Ronen, a guideline was given in relation to the application of the Business Judgment Rule doctrine to decisions taken by the officers of a company in the context of dividend distributio n. Read more.