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Amiad Water Systems Acquires Remaining 40% In Indian Unit

24th Jul 2018 12:07

LONDON (Alliance News) - Amiad Water Systems Ltd said Tuesday it bought the remaining 40% of its subsidiary Amiad Filtration Systems India Private Ltd taking its holding to 100%.

Chief Executive Officer Dori Ivzori said: "This investment reflects our belief in the sustained and growing market opportunity for Amiad in India."

Amiad shares were trading up 11% at 239.00 pence each.


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