The company will invest NIS 50-60 million to acquire optics companies.
Under its new owners, World Group Shipping Ltd. (TASE:WRSH) is negotiating to buy the activity of a group of optics companies. Under an MOU, the company will pay NIS 50-60 million for the new business.
Under the pending contract, payment will be made in several stages over three years.
Published by Globes [online], Israel business news - www.globes.co.il - on December 19, 2006
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