Investors mulling selling Ronson Europe's shares

Global City Holdings (GCH), together with U. Dori Group, are reviewing strategic options for selling their stakes in real estate developer Ronson, the GCH said in its market filing. “It is hereby clarified that there is no certainty that such transaction shall be conducted and/or with respect to its terms. The consent to execute any such transaction is subject to, inter alia, said examination process and to the consent of the respective governing bodies of both shareholders.” Both companies own 39.8 percent of the shares in Ronson each.