Category: Binui
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Shikun & Binui selling Nigeria operations for $100m
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The Israeli infrastructure and construction company suffered huge losses in Nigeria due to the sharp devaluation of the Nigerian naira last year. Israeli construction company Shikon and Benoy SKPN (TASE: SKBN) has pulled out of Nigeria after suffering heavy losses due to the sharp depreciation of the naira against the…
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Bribery case against Shikun & Binui closed, subsidiaries penalized
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The Tax and Economic Prosecutor’s Office has closed a bribery case against Shikun & Binui (TASE: SKBN), a real estate and infrastructure developer. Meanwhile, an indictment was filed today against Shikun & Binui’s subsidiary SBI Infrastructure, as part of a plea deal, charging the company with conspiracy to commit a…
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Shikun & Binui CEO quits, moves to buy control
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In a dramatic development in the Israeli infrastructure and real estate company Shikon and Benoy (TASE: SKBN) CEO Tamer Cohen resigned after being forced to do so by controlling shareholder Nati Sedoff. The company’s board is now meeting to discuss the matter. Cohen plans to form a consortium of investors…