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Full coverage· Economy· Updated

Manor Evergreen Buys Peanut Marketing Firm for $33 Million

Investment firm Manor Evergreen has acquired full ownership of Israeli agricultural company "Shivuq Botnim" for approximately 120 million shekels, marking its entry into the food sector. The deal involves acquiring stakes from Tene Investment Funds, Tnuva, and the Mashbir Group.

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What happened

  1. 01Manor Evergreen acquired "Shivuq Botnim" for 120 million shekels, entering the food industry.
  2. 02The deal gives Manor Evergreen full ownership of the agricultural supply chain company.
  3. 03"Shivuq Botnim" controls 60-70% of Israel's peanut market and exports to Europe.
  4. 04The company was previously owned by Tene Investment Funds, Tnuva, and Mashbir Group.
  5. 05The acquisition diversifies Manor Evergreen's investment portfolio.

"Shivuq Botnim" holds a dominant position in Israel's peanut market and exports to Europe. This acquisition diversifies Manor Evergreen's investment portfolio.

Translated and summarized by baba from Ice, the latest report. Read Ice’s original

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