New Issue: Kardan proposes $7.14 million private placement of stock

By Sheri Kasprzak

New York, Dec. 11 - Kardan NV said its subsidiary, Kardan Israel Ltd., priced a $7,141,870 private placement.

The company plans to sell 2,076,125 shares at $3.44 each to a group of Israeli institutional investors.

Based in Tel Aviv, Kardan Israel is the holding company for Kardan's real estate, automotive, consumer goods, communications and technology activities in Israel. Kardan NV, located in Amsterdam, is an investment company focused on real estate, financial services and infrastructure.

Issuer:	Kardan NV (for Kardan Israel Ltd.)
Issue:	Stock
Amount:	$7,141,870
Shares:	2,076,125
Price:	$3.44
Warrants:	No
Pricing date:	Dec. 11
Stock symbol:	Tel Aviv: KRIS
Stock price:	NIS 15.21 at close Dec. 8

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