Swiss behemoth Nestlé is preparing to up its stake in Israeli food firm Osem, according to Osem CEO Dan Propper.

Nestlé originally purchased 10% of the company during the 1990s, and this has since grown to a controlling 50.1% stake. The Israeli newspaper Maariv reported that Propper expects Nestlé to augment its stake soon.

The Propper family controls 11.8% of Osem.

Company Profile:  Nestle

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