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.

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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.

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