Chinese investment company Fosun International has entered into an agreement to purchase the Ahava company, specializing in the production of cosmetic products based on Dead sea salts. The amount of the transaction amounted to 77 million dollars.
In accordance with the terms of the agreement, Fosun transferred all of the shares of other investors, among which – «Gaon Ahsiket», «Shamrock» kibbutz Kalia and Mitzpe Shalem. Earlier, the Chinese holding company bought the insurance company «Phoenix».
«We believe in the Israeli market and continue the search for suitable companies for investment. We are very happy with the purchase so you know the brand and intend to develop it in other markets, primarily in China,» said the newspaper Globes, the Vice-President of the holding Liang Singsong.
It should be noted that the Ahava company, whose factory is located behind the «green line», is often the object of anti-Israel events organized by the BDS movement. So, in 2011, after several incidents, the company had to close its branch in London.