Israel Petrochemical Says in Talks for Sale of Avgol Stake

Israel Petrochemical Enterprises Ltd., a manufacturer of raw materials for the plastics industry, said it is in talks with a foreign investment fund to sell most of its stake in Avgol Industries 1953 Ltd., according to a filing today with the Tel-Aviv Stock Exchange. Israel Petrochemical has a 24 percent stake in Avgol, a manufacturer of non-woven fabrics, according to data compiled by Bloomberg.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE