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RETAIL (NON-INTERNET/MOBILE) | Auto
automax.co.il

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Stage

Merger | Merged

About Global AutoMax

Global AutoMax is an Israeli private company engaged in the import of a variety of leading automobile brands into Israel.On November 11, 2020 Global AutoMax was merged into Matomy Media Group. The terms of the transaction were not disclosed.

Global AutoMax Headquarter Location

Eliyahu Eitan 8

Rishon Lezion,

Israel

+972-3-7508810

Latest Global AutoMax News

Medigus: Matomy Signed Merger Agreement with Vehicle Importer Global Automax

Nov 11, 2020

Medigus: Matomy Signed Merger Agreement with Vehicle Importer Global Automax Medigus: Matomy Signed Merger Agreement with Vehicle Importer Global Automax Share Last updated Nov 11, 2020 OMER, Israel, Nov. 11, 2020 (GLOBE NEWSWIRE) — Medigus Ltd. (NASDAQ: MDGS ) (TASE:MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, today announced that Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA), a Medigus affiliated company (24.92% owned), entered into a merger agreement with Global Automax Ltd., by way of an exchange of shares between Matomy and shareholders of Global Automax. Global AutoMax is an Israeli private company engaged in the import of a variety of leading automobile brands into Israel. Global AutoMax imports models by Toyota, FCA (Jeep, Chrysler and Fiat), Mercedes-Benz, Hyundai, Volkswagen, Volvo and Ford. Medigus was informed by Matomy that Global Automax sold approximately 3,000 vehicles in 2019 with a turnover of NIS 355 million. According to the merger agreement, on the date of completion of the merger transaction, an exchange of securities will be made, such that Matomy will acquire 100% of the shares of Global Automax in consideration of approximately 53% of the issued and paid-up capital of Matomy as well as voting rights, on a non-diluted basis. Shareholders of Global Automax will be entitled to additional ordinary shares of Matomy subject to achievement of certain milestones …

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