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Article: French company buying control of Hazera
- Article from:
- Jerusalem Post
- Article date:
- December 23, 2002
- Author:
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Headline: French company buying control of Hazera
Byline: YEHEZKEL LAING
Edition; Daily
Section: Economics
Page: 16
Monday, December 23, 2002 -- French company Vilmorin Clause has signed
an agreement to buy 42 percent of Hazera Genetics from Polar Investments
for NIS 134 million, based on a company value of NIS 316m.
Vilmorin, which already owns 12% of Hazera, will hold a 54% controlling
share of the company. Another 37% is owned by the Israeli Association
of Seed Growers which holds the first right of refusal on the deal
for the next month and a half. The NIS 134m. price tag is 7% above
Hazera's net equity and 84% higher than the company's market value.
The ...