search

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

Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: [email protected]
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.