Dead Sea based Ahava cosmetics announced at the Tel-Aviv stock exchange that the company is to be bought by Fosun International, a company based in China.
By i24news
The owners of Ahava, the cosmetics company based in the Dead Sea, reached a preliminary agreement to sell the Israeli company. The deal values Ahava at 300 million shekels ($76.30 million).
In an announcement at the Tel-Aviv stock exchange, Gaon Holdings, which owns 15.72 percent of Ahava, said that the buyers will be purchasing at least 51 percent of the company. Gaon did not provide the name of the buyer, but Globes, an Israeli news website, reported that it would be Fosun International, a company based in China. Continue Reading »