Israeli business daily Globes reports of Israel’s Keter Plastic Ltd. reportedly selling 80% of its stock to BC Partners for $1.7 billion.
The Israeli plastics firm Keter reportedly has sold 80 percent of its stock at a price of $1.7 billion.
BC Partners, a private equity firm with offices in London, Paris, Hamburg and New York, has been in exclusive talks to buy a stake in Keter, according to the Israeli business daily Globes.
Keter Plastics owner Sami Sagol reportedly had been trying to sell full ownership of the company for $2 billion. BC will still have an option of buying the remaining shares, according to Globes. Continue Reading »
Many Israeli concerns have been unsuccessful achieving the success that Teva has accomplished, because of the challenge in breaking into the innovation sector, the inability to raise proper funding for expansion, and the lack of experience in taking drugs through the regulatory process & to market.
As Israel’s biggest company Teva strives to get even bigger by swallowing up rival Mylan for more than $40 billion, further down the food chain a raft of upstart life science firms are struggling to climb onto the global ladder.
Now the government is starting to take notice, urged on by influential advocates, including Teva Pharmaceutical Industries’ own boss, who says the country’s economic future depends on replicating his company’s success. Continue Reading »
Since both countries are high-tech nations with small populations, they have to turn to broader markets to expand and thrive.
Singapore is looking to increase its investments in Israel, and serve as a bridge to the wider Asian market.
A guest swims in the infinity pool of the Skypark that tops the Marina Bay Sands hotel towers in Singapore. – Photo: REUTERS
“We notice there’s a gap down there. Israeli companies don’t come to Asian that often. We realized that this is an opportunity for us,” said Alex Lim, Global Head of Infocomm Investments (IIPL), a new $200 million Singaporean Government backed fund to invest in start-ups & growth stage companies around the world. Continue Reading »
Southern Tel Aviv & Jaffa are still the places for investors, with peripheral neighborhoods like Kiryat Shalom, Kfar Shalem & Neve Sharett heating up.
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The big new trend TheMarker identified a year ago in the Tel Aviv real estate market was a shift to the south, and this year that trend is expected to continue. Over the past year, many new apartment buildings aimed at investors were built, mostly in the south Tel Aviv Florentin neighborhood, for young renters and others who have been priced out of rentals in central and northern areas of the city.
Missouri’s office in Israel would be focused on developing joint business partnerships in biotechnology, agriculture & other emerging fields.
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JEFFERSON CITY, Missouri – Some Missouri lawmakers want the state to open an economic development office in Israel.
The Gateway Arch of Saint Louis, Missouri, as seen from Saint Louis University School of Law on April 2. – Photo: AP/St. Louis Post-Dispatch, Laurie Skrivan
A spending plan embraced by a Senate committee would insert $200,000 into the next state budget to open an office in Israel.
The Senate and House have each passed bills that would require the Department of Economic Development to establish an office in Israel.
Although Israel has the climate & know-how to be the major exporter of medical marijuana, it doesn’t want to.
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The Czech Health Ministry would like to import medical marijuana from Israel, but the government has not arranged for local growers to export the drug.
Growing facility for the Tikun Olam company near the northern city of Safed. – Photo: Reuters
Visiting here last month, Czech Health Minister Svatopluk Nemecek dropped by a medical marijuana operation on moshav Ein Irron. The logistic center there is operated by Bazelet — the marijuana division of the Barak Group, a medical supplier that serves five of the eight authorized growers of medical marijuana in Israel.