Kardan receives binding and irrevocable offer investment in Tahal Group
(WorldNews Netherlands)

Kardan receives binding and irrevocable offer investment in Tahal Group Amsterdam, December 8, 2019 - Kardan N.V. (`Kardan` or `the Company`), active in Real Estate and Water Infrastructure, announces that on Friday, December 6, 2019 it has received a binding and irrevocable offer from Shikun & Binui (an Israeli real estate and infrastructure company) regarding the investment transaction in its indirect subsidiary Tahal Group B.V. (`Tahal Group`, a 100% subsidiary of Tahal Group International B.V., `TGI`). The offer includes the following principles: Shikun & Binui, directly or through a holding company (`the Investor`) will grant Tahal Group a US$ 11.95 million loan convertible into...