Sources: Gadot Chemical Terminals has a company value of NIS 250 million
Gadot Chemicals Tankers and Terminals Ltd. (TASE: GDOT) is considering floating its subsidiary, Gadot Chemical Terminals (1985) Ltd. (GCT). Sources inform ''Globes'' that GCT currently has a company value of NIS 250 million, and that an IPO would be held during the first half of the year.
Gadot Chemicals Tankers and Terminals comprises of two main businesses: GCT and its shipping business, as well as a number of other subsidiaries in a range of fields. Last November, Gadot acquired full control of Dutch company Bax Chemicals BV for NIS 31 million. Gadot has a market cap of NIS 333 million.
Published by Globes [online], Israel business news - www.globes.co.il - on January 4, 2007
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