Gornitzky and Co is pleased to announce that they are representing AHAVA'S shareholders in a NIS 290 million sale transaction.
Online PR News – 06-May-2016 – May 6, Israel – Gornitzky and Co is pleased to announce that they are representing AHAVA'S shareholders in a NIS 290 million sale transaction.
AHAVA Dead Sea Laboratories Limited is an Israeli cosmetic company which manufactures skin care products made from mud and Dead Sea elements.
AHAVA has inked into an agreement of sale transaction with Fosun a Chinese company, whereby it will acquire 16% of AHAVA'S shareholders for NIS 290 million. AHAVA got into the transaction in a bid to enter the international market through China. It is undoubtedly a prominent, well-built and successful brand in Israel with an annual turnover of $ 50 million. Furthermore, it has got subsidiaries in Germany and US previously and now it intent to explore the Chinese consumer market also. The successful transaction will be completed within 6 months: http://www.gornitzky.com/gornitzky_represents_ahavas_shareholders_in_a_nis_290_million_sale_transaction
Gornitzky being one of the leading law firms in Israel since 1938 is well known for its experience and image over the years. It has played a significant role in boosting Israel's legal practices. They proffer their clients with superlative legal advice in multiple areas of law. It has dealt with many issues regarding corporations, mergers and acquisitions.
Moreover, it has proven to be dynamic and effectual in dealing with mergers and acquisitions. The team possess proficient attorneys who have mastered their counselling skills and impart a great deal of knowledge and advice to the clients. It announces to represent AHAVA in its trans-border acquisition with China. It can provide for numerous services including negotiation of transaction documents, preparation of important documents, due diligence, governmental filings and various other consequential matters required to quintessential acquisitions. Thus it will help AHAVA to reach their goals which they have set to enter the global markets.
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