Israeli Irrigation Giant Sold To Mexican Company For $1.5 Billion
RIO DE JANEIRO (JTA) — A Mexican industrial group will acquire control of Israel’s iconic company Netafim, the world’s largest drip irrigation firm. Mexichem has agreed to buy an 80 percent stake in Netafim in a deal valuing the company at $1.895 billion. It will pay some $1.5 billion, acquiring a 61 percent stake owned…