Cool wants to get Hot

Investment group Cool Holding has made an offer to buy an additional 5% stake in Israeli cable operator Hot for ILS129.6m (€23.5m).

Cool Holding would pay ILS33.5 per share for 3.87 million shares if the deal were to go ahead.

The group has a 17.58% stake in Hot, having acquired 15% from Bank Leumi in May and a further 2.58% from First International Bank of Israel in June.