G City, Norstar and Ari: NIS 660.8 million in the sale, plus options that could add NIS 192-204 million
The Norstar-Ari transaction changes the read on G City because it combines a share sale, option mechanism, voting agreement and planned equity raise. The benefit is not in the headline consideration alone, but in how much cash stays at Norstar, how much money Ari must bring, how…