ISRAEL/SWITZERLAND: Osem-Nestlé buys Tnuva’s stake in ice cream company

Israeli food manufacturer Osem Investments announced today [Monday] that it would buy the 47% stake in Noga Ice Creams currently held by the Tnuva dairy company. Osem, a 50.1%-owned subsidiary of Switzerland’s Nestlé, released a statement in which it said the two parties were working on the financial details of the deal, which remains subject to approval from Osem’s directors and regulators.

February 10, 2003

Israeli food manufacturer Osem Investments announced today [Monday] that it would buy the 47% stake in Noga Ice Creams currently held by the Tnuva dairy company.

Osem, a 50.1%-owned subsidiary of Switzerland’s Nestlé, released a statement in which it said the two parties were working on the financial details of the deal, which remains subject to approval from Osem’s directors and regulators.