Alon Blue debenture holders appoint representative for negotiations

By Caroline Salls

Pittsburgh, July 28 – Alon Blue Square Israel Ltd.’s series C debenture holders voted to appoint a representative to negotiate with the company regarding a plan of recovery and arrangement for Alon Blue subsidiary Mega Retail Ltd., according to a news release.

The holders also voted to appoint legal representation to the bondholders and series C debenture trustee.

Based in Rosh Ha’Ayin, Israel, Alon owns and operates supermarkets and specialty stores.

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