Live Update
From the Liveblog of
Monday, April 11, 2016
Ahava sold for $77 million to Chinese investors
The Israeli cosmetics firm Ahava will be fully acquired by a Chinese investment group for $77 million.
The Fosun Group on Sunday night in Jerusalem signed an agreement to purchase the Dead Sea skin care products company, the Israeli business daily Globes reports.
Last month, the company confirmed plans to open a plant in Ein Gedi. It is not known if the new plant eventually will supplant the current factory in Mitzpeh Shalem in the West Bank.
— JTA