Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal 
Boeing 737 MAX 10 Advances in FAA Testing as Certification Delays Continue 
Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites 
EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content 
Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S. 
Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
FTC Blocks Edwards Lifesciences’ JenaValve Acquisition in Major Antitrust Ruling 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Trump Pushes $100 Billion U.S. Oil Investment Plan for Venezuela After Maduro Seizure 
China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges 
 Share Sale - EconoTimes)
TEL AVIV, Israel, March 20, 2017 -- Gazit-Globe (NYSE:GZT) (TSX:GZT) (TASE:GZT), a leading global real estate company focused on the ownership, development and management of supermarket-anchored shopping centers in major urban markets, announced today that as a result of its previously announced sale of FCR (TSX:FCR) shares, which is still expected to close on or about March 22nd 2017, it will deconsolidate FCR from its financial statements and present the investment on an equity method basis.
In its financial results for the first quarter 2017, the Company is expected to recognize an increase of approximately NIS 800 million in its shareholders’ equity, net of approximately NIS 400 million losses related primarily to currency translation.
After completion of the sale, the Company will own (through its wholly owned subsidiaries) approximately 79.6 million shares of FCR, representing approximately 32.7% of the outstanding shares and voting rights of FCR (31.3% on a fully diluted basis).
About Gazit-Globe
Gazit-Globe is a global owner, developer and operator of high quality necessity-driven supermarket-anchored retail properties in urban markets. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-35 index in Israel. As of September 30, 2016, Gazit-Globe owns and operates 427 properties in more than 20 countries, with a gross leasable area of approximately 6.5 million square meters and a total value of approximately US$ 22 billion.
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.
FOR ADDITIONAL INFORMATION Investors Contact: [email protected], Media Contact: [email protected] Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000
