Searchlight in deal to buy control of Israel's Bezeq


JERUSALEM, June 20 (Reuters) - U.S. private investment firm Searchlight Capital has reached an agreement to acquire the controlling shareholder of Israel's largest telecom group, Bezeq , Israeli media reported on Thursday.

Leading financial news websites Calcalist and Globes reported that a deal to purchase B Communications , which had been in the works for months, was being signed after certain bondholders lifted their objections.

BCom's single asset is a 26.34 percent controlling stake in Bezeq.

Bezeq shares were up 6.5% in late trading in Tel Aviv. BCom shares were up almost 15% as well.

This article appears in: World Markets , US Markets , Stocks
Referenced Symbols: BCOM ,

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