Israel's Alon Blue units, chairman buy NIS 1.72 million debentures

By Marisa Wong

Madison, Wis., June 18 - Alon Holdings Blue Square-Israel Ltd. announced that its wholly owned subsidiary, Mega Retail Ltd., repurchased NIS 1,467,867 par value of Alon's unsecured non-convertible series C debentures in an off-market transaction on June 17.

The debentures were acquired at a price of NIS 74.81 per NIS 100 par value for a total consideration of NIS 1,098,111, according to a 6-K filed Monday with the Securities and Exchange Commission.

Another Alon subsidiary, Blue Square Real Estate Ltd., bought back NIS 157,432 of the series C debentures at a price of NIS 71.59 per NIS 100 par value for a total purchase price of NIS 112,711. Blue Square acquired the debentures in an open-market transaction on June 17.

Alon's executive chairman of the board and chief operating decision maker, David Wiessman, also bought some series C debentures on June 17, according to the filing. Wiessman purchased NIS 93,000 of the debentures in the open market at a price of NIS 73.00 per NIS 100 par value.

Based in Rosh Ha'Ayin, Israel, Alon owns and operates supermarkets and specialty stores.

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