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China's Fosun International Buys Stake In Israel-Based Ahava Dead Sea Laboratories

April 10, 2016: 12:00 AM EST
China’s Fosun International agreed to acquire 16 percent of Israel’s Ahava Dead Sea Laboratories from owner Gaon Holdings. Following the announcement by Israel and China of opening free-trade talks in March 2016, the purchase deal comes after Fosun’s acquisition of Israeli medical-device company Alma Lasers for $240 million in 2013.
Niv Elis, "Chinese conglomerate acquires Ahava skincare for NIS 290 million", The Jerusalem Post, April 10, 2016, © Jpost Inc.
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