Alon Blue Square subsidiaries buy back NIS 1.48 million debentures

By Ashley Montgomery

Kansas City, Kan., June 21 - Alon Holdings Blue Square - Israel Ltd. said its subsidiaries purchased NIS 1,484,610 principal amount of Alon Blue Square's unsecured non-convertible series C debentures, according to a 6-K filing with the Securities and Exchange Commission.

Mega Retail Ltd. bought NIS 904,000 of the notes at NIS 81.97 per NIS 100 par value, for a total cost of NIS 741,009.

Blue Square Real Estate Ltd. bought NIS 580,610 of the debentures at NIS 81.6 per NIS 100 par value, for a total cost of NIS 473,519.

Additionally, Alon Blue Square said Alon Israel Oil Co. Ltd. purchased 23,000 shares of Alon Blue Square at NIS 8.54 per share. Alon Israel Oil Co. now owns 27.4% of Alon Blue Square's shares.

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

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