Leading Chinese investment company Fosun Group Sunday signed an agreement with the shareholders of Ahava to fully acquire the Israeli Dead Sea cosmetics company for about 77 million U.S. dollars.
Under the agreement, Fosun will acquire the holdings from all Ahava’s shareholders.
SOUNDBITE (ENGLISH): DROR BARZELI, Chairman of Ahava’s board
“Definitely there should be a lot of synergy between the new share holders of Fosun group and Ahava. That’s exactly the perfect partner and the perfect share holder which really will help us to expand our international activity to China.”