Alon Blue Square units buy back NIS 200,995 series C debentures

By Marisa Wong

Madison, Wis., June 29 - Alon Holdings Blue Square-Israel Ltd. announced that its wholly owned subsidiary, Blue Square Real Estate Ltd., repurchased NIS 128,995 par value of Alon's unsecured non-convertible series C debentures in the open market on June 28.

The debentures were acquired at a price of NIS 82.08 per NIS 100 par value for a total consideration of NIS 105,879, according to a 6-K filed Monday with the Securities and Exchange Commission.

Alon said its subsidiary Dor Alon Energy in Israel (1988) Ltd. also repurchased a portion of the series C debentures on Thursday. Dor Alon Energy acquired NIS 72,000 of the debentures in an off-market transaction at a price of NIS 82.60 per NIS 100 par value for a total consideration of NIS 59,472.

Blue Square Real Estate, Dor Alon Energy and Alon's other subsidiaries, including Mega Retail Ltd., currently hold 13.7% 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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