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Article: Israel : Granite to buy Ocif stake in Palmachim desalination plant.
- Article from:
- TendersInfo
- Article date:
- September 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Azrieli Group unit Granite Hacarmel Investments Ltd. (TASE: GRNT) is negotiating to buy Ocif Investments and Development Ltd. (TASE: OCIF) stake in the Via Maris Desalination Ltd. consortium, which manages the Palmachim desalination plant.
At present Granite Hacarmel unit GES Global Environmental Solutions Ltd. owns 27.9% of Via Maris, Kardan NV (TASE: KRNV;AEX:KARD) unit Tahal Group 27.9%, Ocif 22.1%, and B. Gaon Holdings Ltd. (TASE: GAON) unit Gaon Agro Industries Ltd. (TASE: GAT) subsidiary Middle East Tube Ltd. (TASE:TUBE) 22.1%.
Negotiations are being conducted, at a company value of NIS 244 million. Therefore, Granite ...