Shapir sells gas distribution business to Allied for NIS 230m...

Economics and markets | Oct 21, 2026, 8:55 AM

Shapir Engineering and Industry sold its gas distribution business to Allied for NIS 230 million. The transaction is intended to free up capital for other investments.

Company CFO Moshe Zabusky said Shapir now seeks to acquire Ashdod Oil Refineries.

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