Persall Pte. Ltd. and Kelburgh Pte. Ltd. cancelled the acquisition of 75% stake in Scailex Corp., Ltd. from Suny Electronic Inc. Ltd..
Amikam Cohen will be appointed as Chairman of the Board of Partner Communications to replace Ben-Dov, current Chairman of Partner. The transaction is subject to approval from regulatory authorities, antitrust approval, shareholder approvals, the sale of the Samsung business and the successful repurchase of at least 50% of Scailex's non-convertible bonds. Lazard Ltd. and Deutsche Bank AG (France) acted as financial advisor to Scailex. Daniel Wolf and David Fox of Kirkland & Ellis LLP acted as legal advisors for Scailex. Goldman Sachs (Asia) L.L.C. acted as financial advisor to Hutchison Whampoa. Ehud Sol and Ilanit Landesman Yogev of Herzog Fox Neeman acted as legal advisor to Hutchison Whampoa.
Persall Pte. Ltd. and Kelburgh Pte. Ltd. cancelled the acquisition of 75% stake in Scailex Corp., Ltd. (TASE:SCIX) from Suny Electronic Inc. Ltd. (TASE:SUNY) on August 21, 2012. Persall Pte. Ltd. and Kelburgh Pte. Ltd. cancelled the acquisition becuase conditions under the agreement were not fulfilled.