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China’s Fosun Group Acquires Ahava

Dead Sea minerals-based brand.

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By: Christine Esposito

Editor-in-Chief

China's leading investment group Fosun Group has inked a deal with Gaon Holdings to  acquire Ahava, a top brand of Dead Sea mineral skincare in Israel for NIS290 million (approximately $77 million).     Under the terms of the agreement, Fosun will acquire the holdings from the existing shareholders of Ahava, including Gaon Holdings, Livnat family, Shamrock Israel Growth Fund Advisors, Kibbutz Mitzpe Shalem and Kibbutz Kaliaan.   “We feel very confident about the market in Israel a...

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