Buffett acquired 80% of Iscar at a company value of $5 billion.
Warren Buffett will arrive in Israel on Sunday. During the trip, he will visit Iscar Ltd. and Rambam Medical Center in Haifa, where Iscar honorary chairman Eitan Wertheimer is running a business plan. Buffett will also attend a cocktail party at the King David Hotel in Jerusalem.
Buffett is the controlling shareholder, chairman and CEO of Berkshire Hathaway Inc. (NYSE: BRK-A; BRK-B), which acquired 80% of Iscar at a company value of $5 billion. He will be accompanied on the visit by Wertheimer, who is currently residing in the US. This is Buffett’s first visit to Israel.
Iscar chairman Eitan Wertheimer and president Jacob Harpaz will escort Buffett on the visit to the company.
Published by Globes [online], Israel business news - www.globes.co.il - on September 12, 2006
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