Business Services Industry
Ampal announces closing of sale of Pri Ha'emek
Business Wire, Dec 26, 1996
NEW YORK--(BUSINESS WIRE)--Dec. 26, 1996--Ampal-American Israel Corporation(AMEX:AIS.A)announced today that it had completed the sale of its equity interest in its food processing subsidiary, Pri Ha'emek (Canned and Frozen Food) 88 Ltd., to Agrifarm International Limited, a British company, upon the terms contained in Ampal's announcement of October 11, 1996.
Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israel-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel's domestic economy. Ampal and its subsidiaries have diversified interests in the following sectors: hotels and leisure-time,real estate, finance, energy distribution, basic industry, high technology and communications, as well as others.
CONTACT: Lawrence Lefkowitz
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