French giant optical Essilor has begun negotiations with Kibbutz Shamir to repurchase the shares in the company Shamir Optical Industry Ltd.. The market value of the Israeli manufacturer of optical lenses is estimated at 190 million dollars. The daily Calcalist, which reveals the negotiations between the two companies, understands that there are great opportunities to see the transaction completed.
Today, the Kibbutz Shamir owns 58% of shares in Shamir Optical Industry Ltd., with the remainder split between the U.S. fund Royce & Associates (9.9%) and small holders. It is not impossible that Essilor launches bid to take control of Israeli society, even if the Kibbutz Shamir maintains a minority of the capital.
The reconciliation between Essilor and Shamir is favored by the fact that both manufacturers are engaged in complementary activities. Shamir Optical Industry Ltd.. is a world leader in the design and manufacture of ophthalmic lenses and molds for high-quality single vision lenses and progressive. In nearly forty years, Shamir acquired an international reputation, always at the forefront of the latest technologies. Shamir invests significant resources in research and development, and several of its developments have also made technological advances that have pushed ahead in the field of optical phase.
Shamir is the only optical company to list on Nasdaq, the largest electronic stock market in the world. She entered the U.S. market in 2005 when it raised funds totaling $ 56 million .-
http://www.israelvalley.com/news/2010/06/18/27818/france-israel-le-groupe-essilor-negocie-l-achat-de-l-israelien-shamir-optical-industry-l- one-of-world-leaders-in-the-
Translated by Google Translator
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