Elbit Imaging offloads more shares in Plaza Centers

Eastern Europe and India-focussed shopping centre operator Plaza Centers announced a further diminishing in the ownership of its major shareholder Elbit Imaging on Friday.

The London-listed firm said that since its last announcement on the shareholding of the Israeli holding company on 4 August, Elbit had sold another 124,000 shares in Plaza Centers held in escrow.

It said the shares were sold for an average price of NIS 2.43 (58p) each, for a total consideration of NIS 300,000.

“Elbit Imaging’s holding in the company had diminished from 23.48% to 21.68% of the company's issued and paid-up capital,” the board said in its statement.