–
There has been further progress in the past few days in the negotiations between Tnuva Food Industries Ltd. controlling shareholders Apax Partners and Mivtach Shamir Holdings Ltd. (TASE:MISH) and China’s Bright Food Group, which wants to acquire control of the company. Apax Israel CEO Zehava Cohen is due to return to Israel tomorrow from China, where she held negotiations.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
At the same time, Tnuva is pursuing an IPO on the Tel Aviv Stock Exchange (TASE) in case no deal is reached with Bright Food.
Before the Passover holiday, Tnuva filed a prospectus with the Israel Securities Authority, and apparently plans to hold the offering in May if there is no deal with Bright Food.
Published by Globes [online], Israel business news – www.globes-online.com