American Israeli Paper Mills Ltd. sale of holdings of TMM
Jan 30, 2007. TMM reported on January 29 that purchase offer to the public, that was published by CGEA was accepted.
Jan 30, 2007. /Lesprom Network/. American Israeli Paper Mills Ltd. announced that following the immediate report dated January 04, 2007, regarding the transaction for the sale of the company's holdings in TMM Integrated Recycling Industries Ltd. to CGEA ONYX (Israel) Ltd., the company announces that TMM reported on January 29 that the purchase offer to the public, that was published by CGEA was accepted. According to the purchase offer, the rest of the shares that were not attended will be purchased by the offerer in a forced purchase.
As stated in the aforesaid company's immediate report, a few days after the completion of the purchase offer, the sale of the company's holdings in Barthelemi Holdings Ltd. a company through which AIPM and CGEA possess holdings in TMM will be executed as well, and as a result, the company will no longer be a shareholder in TMM.