30 Sep 2016 14:42
B.S.D. CROWN LTD - Company update in relation to Israel 18B.S.D. CROWN LTD - Company update in relation to Israel 18
PR Newswire
London, September 30
BSD Crown Ltd. (LSE: BSD)
(the “Company”)
Company update in relation to Israel 18
Ramat Gan, Israel, 30 September 2016
The Company hereby announces that Israel 18 B.V ("Israel 18") notified the Company that Israel 18, a company controlled by Mr. Gregory Gurtovoy, and Ta'aman Food Marketing Ltd have signed a memorandum Of understanding ("MoU") to set up a 50:50 joint venture for joint control over BGI Investments (1961) Ltd. ("BGI"), the Company’s controlling shareholder, and its subsidiaries. The MoU and joint venture arrangements are subject to the Israeli Anti-Trust approval.
The Company will update in due course once negotiations have been progressed.
Enquiries:
Gregory Gurtovoy, chairman of the board: office@bsd-c.com