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Decade-old Local Currency Push by BRICS Is Still A Pipe Dream

Decade-old Local Currency Push by BRICS Is Still A Pipe Dream

Bloomberg15 hours ago
BRICS countries once again failed to make significant strides in the cross-border payments system for trade and investment they've been discussing for a decade.
In a statement released as they kicked off their meeting in Brazil Sunday, leaders committed to additional talks on the potential for greater trade integration of the 10-nation bloc.
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Max Stock Limited Announces Change in Shares Held by a Controlling Shareholder
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Max Stock Limited Announces Change in Shares Held by a Controlling Shareholder

CAESAREA, Israel, June 30, 2025 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) ("the Company," "Max Stock") today announced that it has been informed that Moose Holdco Ltd. ("Moose Holdco"), one of the Company's controlling shareholders, sold 7,792,208 shares (~5.6% of the Company's share capital and ~20% of its holdings of Company shares) in an off-exchange transaction. Prior to the sale, Moose Holdco held 39,350,594 shares, reflecting ~28.2% of the Company's share capital; following its sale of shares, Moose Holdco still holds 31,558,386 shares, reflecting ~22.6% of the Company's share capital (~22.4% on a fully diluted basis). The sale was performed at a price of ILS 15.40 per share. Moose Holdco and the Company's other controlling shareholder and CEO, Mr. Ori Max, are party to a shareholder agreement regulating their relationship. The Company has been informed that Moose Holdco is wholly (100%) owned (indirectly) by AMI Opportunities, a foreign private investment fund (incorporated in Guernsey). AMI Opportunities is wholly-controlled (indirectly) by AMI Foundation (a corporation incorporated in Guernsey) through its organs (and particularly its directors (councilors) - Carl Hermann Konrad Friedlaender and Bruce Stephen James and its guardian - Robert Edward Alistair Eden ("AMI Foundation"). To the Company's best knowledge, AMI Foundation is advised by Apax Partners Israel Ltd. About Max Stock Max Stock is Israel's leading extreme value retailer, currently present in 64 locations throughout Israel. We offer a broad assortment of quality products for customers' everyday needs at affordable prices, helping customers "Dream Big, Pay Small." For more information, please visit This is an English translation of segments of a Hebrew immediate report that was published on June 30, 2025 (Ref. No: 2025-01-046787) (hereinafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail. Company Contacts:Talia Sessler Chief Corporate Development and IR Officer talia@ View original content: SOURCE Max Stock Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Marsh & McLennan Companies (MMC) Shares Fell in Q2. Here's Why
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