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June 1, 2016
By: TOM BRANNA
ISRAEL: China’s leading investment group Fosun Group has inked a deal with Gaon Holdings to acquire Ahava, a top brand of Dead Sea mineral skin care in Israel. Under the terms of the agreement, Fosun will acquire the holdings from the existing shareholders of Ahava, including Gaon Holdings, Livnat family, Shamrock Israel Growth Fund Advisors, Kibbutz Mitzpe Shalem and Kibbutz Kaliaan. “We feel very confident about the market in Israel and continue to seek suitable investment opportunities in different areas in the country,” noted Liang Xinjun, vice chairman and CEO of Fosun Group.
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