07 Aug 2017

Reuters: Mexichem to take over Israeli firm Netafim in $1.5 bn deal

JERUSALEM (Reuters) – Mexican chemical firm Mexichem has agreed to buy an 80 percent stake in Israeli irrigation firm Netafim in a deal valuing the company at $1.895 billion, Netafim said on Monday.

Mexichem will pay some $1.5 billion, acquiring a 61 percent stake owned by private equity firm Permira, which bought into Netafim in 2011, before it roughly doubled in value.

Read more here: https://www.reuters.com/article/us-mexichem-netafim-idUSKBN1AN0GP