Indorama Ventures to acquire 65.72% stake in Avgol Industries

Indorama Ventures Public Company Limited has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries, an Israel-based nonwovens manufacturer, for $1.62 per share. The transaction is expected to be completed during the second half of 2018.

“Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into a definitive agreement to acquire a 65.72% stake in AVGOL INDUSTRIES 1953 LTD.”indoramaventures.com

• 5 sources
• indoramaventures.comIndorama Ventures to Acquire Avgol Industries | Indorama VenturesMay 13, 2018
• nonwovens-industry.comIndorama to Acquire Major Stake in AvgolBy: Karen McIntyre EditorMay 13, 2018
• textileworld.comIndorama Ventures To Acquire Avgol Industries | Textile WorldJim BornemanMay 14, 2018
• plasteurope.comINDORAMA: Majority takeover of Israeli nonwovens manufacturer Avgol | Plasteurope.comJens HartmannMay 16, 2018
• thefreelibrary.comIndorama Buys Controlling Stake in Avgol. - Free Online LibraryJun 1, 2018

Summarized from public sources; check the original articles before acting on it.