Tene Investment Funds to buy 74% stake in Habonim Industrial Valves & Actuators

Tene Investment Funds is reportedly acquiring a 74% stake in Habonim Industrial Valves & Actuators for NIS 100 million (about $28.3 million), based on a company valuation of NIS 130 million. The deal is reportedly nearing closure, according to an anonymous source.

“Israel-based Tene Investment Funds Ltd. will be acquiring a 74% stake in Habonim Industrial Valves & Actuators Ltd. for NIS 100 million (approximately $28.3 million).”calcalistech.com

• 1 source
• calcalistech.comTene Fund to Buy Controlling Stake in Industrial Valves and Actuators Company Habonim - CTechSep 16, 2019

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