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Melisron to keep Grand Canyon Mall under settlement with Antitrust Authority

 |  March 29, 2012

The Israeli Antitrust Authority has reached a settlement in Melisron’s proposed acquisition of British Israel Investments. The Authority’s decision to approve the merger with certain mall divestments was appealed by Melisron to the Restriction of Trade Tribunal. The current compromise was reached by the Authority and Melisron outside of court, and is subject to the tribunal’s approval.

To resolve the watchdog’s competition concerns with the merger, Melisron will sell Rananim Mall, Savionim Mall, Harel Mall, Hadar Mall, and the North Mall. However, Melisron will be able to keep the Grand Canyon Mall, which the Antitrust Authority had originally called for to be divested.

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