Israel Petrochemical Enterprises Sells Avgol Subsidiary to Private Equity Firm

03:52 AM | August 30, 2012 | Natasha Alperowicz

Israel Petrochemical Enterprises (Tel Aviv) has approved the sale of a 45% stake in its Avgol (Tel Aviv) subsidiary to private equity firm Ethemba Capital (London) for $106.8 million. The parties have...