Donitz-Elad merger: Amir Biram produced a return of 80% in two years

The merger between the two residential construction entrepreneurs, the Donitz Brothers and the new Elad Israel Residential, was completed this week and boosted the value of the Donitz Brothers by 44%, to NIS 1.67 billion. Following the completion of the transaction, the JTLV 2 real estate fund became the controlling owner of Donitz Brothers, with a holding of 50.01% of the voting rights in it.