2. Industry News

80% of Netafim goes to Mexichem

KJ Staff
KJ Staff

The Permira fund is cashing in on irrigation equipment company Netafim. Permira is selling its 61.35% stake in the company; Kibbutz Magal is reportedly selling its 6% holding, while Kibbutz Hatzerim in the Negev, where Netafim was founded in 1965, is reportedly selling a 12.7% stake out of its 32.7% total holding, and will remain with a minority holding of 20%. The consideration is $1.5 billion, giving Netafim a valuation of $1.9 billion. The buyer is Mexican company Mexichem. Netafim pioneered drip and micro-irrigation, and is a world leader in the field.

Related Topics

#netafim #mexichem #$1.5 bn deal #drip irrigation

Like this article?

Hey! I am KJ Staff. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Read next

Dodla diary's investment in greenfield plant in AP

Dodla diary's investment in greenfield plant in AP

GEA to build Asia’s largest milk production facility in India

GEA to build Asia’s largest milk production facility in India

Share your comments

#Top on Krishi Jagran

Top Stories

More Stories

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters

Latest feeds

More News