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Scope seeks funds for expansion abroad


From: Yedioth Ahronoth, 1 January 2006
Scope seeks funds for expansion abroad: looking into the possibility of share issue in London.

After raising approximately NIS 170 million in shares and bonds in the local market during 2005, Scope is intending to raise money overseas.

Financial market sources assess that the company is interested in raising money for financing its international expansion. Scope commented that the issue is in the initial stages of examination, and at the same time publicized its buyback plan of its own shares for an amount that will not exceed NIS 6 million.