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    BIG   IL0010972607

BIG SHOPPING CENTERS LTD

(BIG)
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BIG Shopping Centers Ltd cancelled the acquisition of Shopping centre in Serbia.

09/26/2020 EDT

BIG Shopping Centers Ltd (TASE:BIG) agree to acquire Shopping centre in Serbia for €32.5 million on September 26, 2019. BIG Shopping Centers Ltd extended €14.5 million loan of shopping centre. The price of the deal value includes €4 million euro installment subject to completion of an occupancy target for the new building. If the target is not reached within a year after the deal's completion amount will not be paid to the seller. BIG Shopping Centers Ltd (TASE:BIG) cancelled the acquisition of Shopping centre in Serbia on September 26, 2020.


© S&P Capital IQ 2020
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2020BIG Shopping Centers Ltd cancelled the acquisition of Shopping centre in Serbia.
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Financials
Sales 2020 553 M 172 M 172 M
Net income 2020 -9,14 M -2,85 M -2,85 M
Net Debt 2020 7 109 M 2 217 M 2 217 M
P/E ratio 2020 -578x
Yield 2020 -
Capitalization 9 760 M 3 042 M 3 044 M
EV / Sales 2019 14,2x
EV / Sales 2020 22,4x
Nbr of Employees -
Free-Float 51,6%
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Managers and Directors
Hay Galis Chief Executive Officer
Assaf Nagar Chief Financial Officer & Vice President
Eitan Bar Zeev Chairman
Erez Yehuda Milstein Vice President-Engineering & Construction
Eran Amatzia Vice President-Operations & Marketing