Deals
ChemChina Signs Makhteshim Deal With Israel’s Dankner
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China National Chemical Corp. said its acquisition of Makhteshim-Agan Industries Ltd. will create strategic cooperation with Israeli billionaire Nochi Dankner and strengthen economic ties between China and Israel.
ChemChina, as the company is known, yesterday signed an agreement announced on Dec. 28 to acquire a controlling interest in Makhteshim, the world’s largest maker of generic agricultural chemicals, from Koor Industries Ltd., a unit of Dankner’s IDB Holding Corp. and Discount Investment Corp. ChemChina will own 60 percent and Koor will retain 40 percent of Makhteshim, which the deal values at $2.4 billion.