AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Gandel to acquire half interest in Kibbutz Gvat plants for NIS 62.5m.

Asia Africa Intelligence Wire

| February 23, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Israel Business Arena)

Byline: Shai Shalev

Australian billionaire John Gandel, chairman of the Gandel group, will acquire a half interest in Plastro Irrigation Systems (TASE: PLSTR) and Palad Infrastructure And Pipes Ltd., two enterprises owned by Kibbutz Gvat. Gandel will pay NIS 62.5 million for 50% of Gvat's holding firm, which is currently a cooperative society owning 76% of Plastro Irrigation and 52% of Palad Infrastructure And Pipes Ltd. Former Ministry of Finance budget director Uri Yogev represents Gandel in Israel.

The deal reflects a NIS 140 million value for Plastro Irrigation (NIS 10.90 per share), 30% higher than the market price …

Related articles from newspapers, magazines, journals, and more
Recanati family invests NIS 6.4m in Plastro Irrigation.
News wire article from: Asia Africa Intelligence Wire July 14, 2004 700+ words
John Gandel invests in irrigation cos Plastro, Palad.
News wire article from: Asia Africa Intelligence Wire July 19, 2005 700+ words
Israeli business delegation in Peru.
News wire article from: Asia Africa Intelligence Wire August 22, 2005 700+ words
Closer Israel-China cooperation in civilian trade.
News wire article from: Asia Africa Intelligence Wire December 20, 2004 700+ words
Make Israel the Silicon Valley of water.
News wire article from: Asia Africa Intelligence Wire November 2, 2005 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily