Kibbutz Yizre'el
Found 3 recent publications
With such weak performance, it is no wonder that the Kibbutz Yizre'el company is looking for a lifeline
Maytronics ended the second quarter with a decrease in revenue alongside a transition to a loss of about 8 million shekels. While it is holding talks for investment from the FIMI fund, the company announced an additional efficiency plan that will help it meet its obligations.
The dilemma of the 300 members of Kibbutz Yizre'el and the talk in the dining hall about the fall of Maytronics
The company, owned by Kibbutz Yizre'el, which gained awareness in Israel and the world thanks to swimming pool cleaning robots, is in the biggest crisis in its history. After reaching a peak value of about 9 billion shekels, its value is now estimated at less than 300 million shekels. The FIMI fund is in talks to invest in the company. A kibbutz member told Globes: "It hurts our pride, but we knew...
Kibbutz Yizre'el ready to give up control of Maytronics, FIMI in talks
Kibbutz Yizre'el is seeking a 300 million shekel investment to rescue pool cleaning robot manufacturer Maytronics. The FIMI fund is currently in negotiations to acquire a controlling stake.