date:Mar 05, 2014
Israeli technology firm Emblaze has signed a deal to takeover a controlling stake of 58% in Willi-Food Investments (WFI) for NIS268m.
The deal was signed with Zwi Williger and Joseph Williger who are selling their whole interests in WFI, which in turn owns 50% holding in G Willi-Food International, the principal operating entity within the WFI group of companies.
As per the agreed terms, Zwi and Joseph will continue to serve as chairman of the board and as president or as joint chief executive