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US hedge fund billionaire Bill Ackman and his wife Neri Oxman have acquired a stake in the Tel Aviv Stock Exchange as the Israeli bourse seeks funds to improve its technology.
The couple have bought a 4.9 per cent stake, the exchange said on Wednesday, in a transaction that marks Ackman’s first major investment in Israel since its war against Hamas began in October.
The exchange said its sale of just over 17mn new shares drew “robust interest from investors across Israel, the United States, Europe and Australia” and was a “strong vote of confidence in both the [bourse] and the Israeli economy at large”.
Ackman and his wife were the only buyers named by the exchange.
Since the Israel-Hamas war began, Ackman, the founder of Pershing Square Capital Management, has lambasted several major US universities for failing to combat antisemitism.
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