Finance / Israel
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Hadera Paper Increases Carmel Stake
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Israel's Hadera Paper has increased its stake in Carmel Container Systems to 89%. Hadera, which changed its name in early July from American Israeli Paper Mills, has agreed to pay US$20mn for a 53% stake. The Kraft Group, Israel-based Carmel's primary shareholder, has agreed to sell its 49.5% stake, while the remaining shares will be purchased from various shareholders.