Ampal Group announces investment in Barshar, Ltd.NEW YORK--(BUSINESS WIRE)--Sept. 21, 1995--Ampal-American Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. Corporation announced today that it has invested $1.3 million to acquire a 20.6% equity interest in Barshar, Ltd. and three-year options to acquire up to an additional 5.7% equity interest in Barshar. Barshar is an Israeli high-tech- nology company which has developed software packages, based on optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. models, which allow savings in the cost of distribu- tion and increased management control over routing of products and people. Barshar s products have been marketed primarily in Israel and it expects to use the proceeds of Ampal s investment to expand into world markets. Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israel-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel s domestic economy. Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: hotels and leisure-time, real estate, energy distribution, basic industry, high technology and communications, as well as others. CONTACT: Lawrence Lawrence. 1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing. 2 City (1990 pop. 65,608), seat of Douglas co., NE Kans. Lefkowitz President (212) 782-2100 |
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