Shares of Koor Industries Ltd. (KOR), a Tel Aviv-based holding company, rose to a two-month high today after it completed its sale of a stake in Makhteshim-Agan Industries Ltd. (MAIN), the world’s largest maker of agrochemicals, to China National Chemical Corp.
ChemChina completes Makhteshim Agan buy
Koor will report a net profit of NIS 582-674 million on the sale. Makhteshim CEO Erez Vigodman will receive NIS 16 million for his options.