2nd Sep 2019 13:37
(Alliance News) - Water filtration firm Amiad Water Systems Ltd on Monday confirmed press reports that it was in talks with Israeli private equity firm and significant shareholder FIMI Opportunity Funds for a potential investment in Amiad.
Shares in Amiad Water Systems were 14% higher at 250.00 pence each on Monday afternoon.
The investment would take place through a placing in new Amiad shares. The discussions have not yet progressed to a signed agreement, and any placing that is agreed will be subject to several pre-conditions.
FIMI already holds an 18% interest in Amiad Water Systems.
Related Shares:
AFS.L