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Israeli Tnuva Food Industries Sale Talks To China’s Bright Food Progress

Meir Shamir and the kibbutzim agreed with Bright Food they will appoint a majority of directors to manage the company in Israel.
Tnuva logo
There has been progress in the negotiations for the sale of Israeli Tnuva Food Industries Ltd. to China’s Bright Food Group Ltd., after shareholders Meir Shamir and kibbutzim representative Itzik Bader reached an agreement with Bright Food representatives to appoint a majority of directors, who will manage the company in Israel. Meir Shamir is the chairman of Tnuva shareholder Mivtach Shamir Holdings Ltd. (TASE:MISH) and Bader is chairman of Granot Central Cooperative Ltd., which represents the kibbutzim in Tnuva.



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