Market
Israel Canada shares down 55% from peak after major Acro merger
5 November 2026 · Based on TheMarker
Israel Canada's shares have lost 55% from their peak after the large deal to acquire Acro, which was meant to make it the biggest residential property company on the stock exchange. The company, led by Barak Rosen and Asi Tuchmayer, now faces debts of billions of shekels and a slowdown in sales of luxury apartments.
What it means for buyers abroad
Financial strain at a large developer and slower luxury sales are worth watching if you are considering a new-build purchase. Buyers abroad should check a developer's financial standing and the protections in the sales contract.
