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Israel: Former supermarket tycoon likely facing prison time

By  |  January 5, 2014

The former head of Israel’s largest supermarket chain is likely facing prison time for antitrust violations stemming from a 2005 merger, reports say.

Effie Rosenhaus, the ex-CEO of grocery giant Super-Sol, will likely earn a jail sentence for merger agreement violations from the 2005 deal. He was convicted late last month by the Jerusalem District Court for the charges.

According to reports, the executive violated the merger agreement by looking to end sale agreements between suppliers and Super-Sol rivals.

Full Content: Haaretz

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