March 3, 2019 / 8:00 AM / 2 months ago

Searchlight Capital makes new offer to buy control in Israel's Bezeq

JERUSALEM, March 3 (Reuters) -

* U.S. private investment firm Searchlight Capital Partners has made a new offer to buy a controlling stake in the parent company of Bezeq Israel Telecom, according to a regulatory filing on Sunday.

* Internet Gold has been searching for a buyer for its majority stake in B Communications since mid-2018 under pressure from bondholders. BCom’s single asset is a 26.34 percent controlling stake in Bezeq, Israel’s largest telecoms group.

* Searchlight is ready to buy 19.4 million BCom shares from Internet Gold for 20 shekels per share, the filing said.

* Last month Searchlight had placed an offer to buy the shares at 17 shekels each to be paid at the closing plus up to another 8 shekels a share contingent on meeting certain targets. It also offered a second option of 17.5 shekels a share with no further conditions. (Reporting by Ari Rabinovitch; Editing by Tova Cohen)

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