Alon Holdings Blue Square-Israel Announces Agreement for the Assignment of Leases in six of its Supermarket Stores
Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI) ("Alon Holdings") announced today that its wholly owned subsidiary, Mega Retail Ltd. ("Mega"), had signed an agreement with a third party, pursuant to which Mega is to assign its lease rights in six of its supermarket stores and sell the related equipment for an aggregate consideration of NIS 16 million. The total premises of the six supermarket stores amounts to an aggregate of approximately 10,241 square meters. Closing of the agreement is subject to various conditions.
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