The Strauss family, which own 68.1% of the food company, sold 3.2 million shares.
The Strauss family has sold a block of shares in Strauss Group Ltd. (TASE:STRS) for NIS 196.8 million. Strauss Holdings Ltd., through which the Strauss family, own 68.1% of the food company, sold 3.2 million shares at NIS 61.50, a 4.6% on today's opening price NIS 64.45 per share. The sale reduced Strauss Holdings' stake in the company to 65.1%.
Strauss Group's posted a net profit of NIS 329 million in 2013, 39% more than in 2012.
Published by Globes [online], Israel business news - www.globes-online.com - on April 6, 2014
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