# Indorama Ventures' takeover bid for Avgol fails

Indorama Ventures' attempt to acquire the outstanding shares of Israeli nonwovens maker Avgol has been unsuccessful, though Indorama still holds a majority stake.

- Type: Acquisition
- Announced: 2023-10-30
- Status: cancelled
- Products: nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Avgol](https://endata.com/companies/25407.md) (target)

## Sources

- [plasteurope.com](https://www.plasteurope.com/news/INDORAMA_t253910), 2023-10-30: "Global PET market leader Indorama Ventures has been unsuccessful in its attempt to acquire the outstanding..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.