7th May 2019 12:41
LONDON (Alliance News) - Amiad Water Systems Ltd said Tuesday Israeli private equity firm FIMI Opportunity Funds had doubled its stake in the filtration firm to 18%, amid Bermad Industries CS Ltd exiting its 9% stake.
Bermad sold its entire 9.0% stake in Amiad on Monday. The same day, FIMI increased its stake - through FIMI 6 2016 Ltd - to 18.1% from 9.1% prior.
Shares in Amiad were 2.6% higher at 195.00 pence on Tuesday.
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