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TMCNet:  Partner Communications Closes Multiple Transactions

[February 01, 2013]

Partner Communications Closes Multiple Transactions

Feb 01, 2013 (Close-Up Media via COMTEX) -- Partner Communications Company, an Israeli mobile communications operator, announced the closing of the transaction between Scailex Corp., and S.B. Israel Telecom, an affiliate of Saban Capital Group, pursuant to which Scailex sold and transferred to S.B. Israel Telecom approximately 28.82 percent of the issued and outstanding share capital of Partner.



Following the completion of the transaction, Partner said certain directors resigned from Partner's Board of Directors and the following new directors were appointed: Arieh Saban, Adam Chesnoff, Shlomo Rodav, Fred Gluckman, Elon Shalev, Sumeet Jaisinghani and Yoav Rubinstein.

Further to the Company's press release and immediate report on Form 6-K dated January 24, 2013 regarding the share purchase agreement entered into between Leumi Partners Ltd., a company wholly owned by Bank Leumi le-Israel B.M., and S.B. Israel Telecom, according to which S.B. Israel Telecom will purchase from Leumi Partners approximately 2.06 percent of the issued and outstanding share capital of Partner, the Company has been informed by S.B. Israel Telecom that its transaction with Leumi Partners, has been completed concurrently with the closing of the transaction between Scailex and S.B. Israel Telecom.

Accordingly, following the consummation of the above transactions, S.B. Israel Telecom holds approximately 30.87 percent of the issued and outstanding share capital of the Company.

More information: www.orange.co.il/en/Investors-Relations/lobby www.saban.com www.scailex.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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