Fox Group Increases Stake in Minna Products
Overview of the Acquisition
The Fox Group announced today that its subsidiary, Shilav, will acquire an additional 22% stake in the baby products company Minna for an estimated value of 140 million shekels. This move follows a previous acquisition in 2021 when Fox bought a 50% stake in Minna for 15 million shekels.
Key Developments
- Stake Acquisition: The latest purchase will enhance Shilav’s portfolio in the children’s product market and is indicative of Fox Group’s ongoing strategy to expand its holdings in this sector.
- Founder’s Exit: A significant aspect of this transaction is the complete divestiture by Anat Ben Dov Tsabari, start of Minna’s three co-founders. She will receive 23 million shekels from the sale, marking her exit from the company.
Market Impact and Expectations
This acquisition underscores the growth potential within the baby products industry, which has seen increased demand over recent years. Analysts speculate that Fox Group’s further investment could lead to a stronger market position against competitors.
Related Financial News
Fox Group’s announcement comes amid a backdrop of significant market movements, including tech industry highlights such as Nvidia and developments in investment strategies for financial security.
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Meta Description: Fox Group’s subsidiary Shilav has acquired an additional 22% stake in Minna, a baby products company, bringing its total ownership to 72%. Founder Anat Ben Dov Tsabari divests her shares in the company.
Tags: Fox Group, Minna, Shilav, Baby Products, Stake Acquisition, Anat Ben Dov Tsabari, Financial News, Market Update