Holds fueling sites & real estate.
Alon Blue Square finished 2025 as a stronger holding company, with higher equity and continued debt-market access, but the parent still depends on dividends, collateral value, and refinancing to turn asset value into real liquidity.
Series H and T are now Alon Blue Square's main parent-level refinancing platform because they concentrate most of the tradable debt and sit on a combined collateral package of Dor Alon and Blue Square Real Estate shares that can be expanded against.
Alon Blue Square's improved 'Others' bucket is real, but it does not mean all of the private assets have become parent-level contributors. IPM is already creating value and moving closer to upstream contribution, Extra Credit is building value but still depends on parent capital…
