Electra Files Draft Prospectus for Possible Carrefour IPO
Electra Consumer Products filed an initial prospectus with the Israel Securities Authority for a possible TASE IPO of Carrefour for which it holds the Israel franchise. The flotation, if approved, is expected after the holidays, likely in November. The company is also reviewing sales of some France Israel Group holdings to align the structure with the Concentration Law, though the offering is not yet certain.