Alon Blue Square-Israel unit buys back NIS 225,000 series C debentures

By Marisa Wong

Madison, Wis., June 27 - Alon Holdings Blue Square-Israel Ltd. announced that its wholly owned subsidiary, Blue Square Real Estate Ltd., repurchased NIS 225,000 par value of Alon's unsecured non-convertible series C debentures in the open market on June 26.

The debentures were acquired at a price of NIS 82.05 per NIS 100 par value for a total consideration of NIS 184,613, according to a 6-K filed Monday with the Securities and Exchange Commission.

Blue Square Real Estate and Alon's other subsidiaries, Mega Retail Ltd. and Dor Alon Energy in Israel (1988) Ltd., currently hold 12.9% of the series C debentures, the filing said.

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

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