Thursday, June 7, 2007

Israel institutions invest in Egypt's EMG with Ampal

(Reuters) - Ampal's subsidiary will contribute a 1.8 percent interest in
EMG in exchange for 50 percent of the joint venture. The
institutional investors will have a 50 percent interest in the
joint venture for their $40 million contribution.




The joint venture will be a newly formed Israeli limited
partnership, Merhav Ampal Energy Holdings LP, whose general
partner will be an Israeli company equally owned by Ampal and
the Israel Infrastructure Fund .


Read more at Reuters.com Mergers News

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