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June 27, 2016 / 21 Sivan, 5776

Posts Tagged ‘diplomatic ties’

Done Deal: China’s Bright Food Buys Israel’s Tnuva

Thursday, May 22nd, 2014

The Chinese government’s ‘Bright Food’ group inked the deal this morning (Thursday) to purchase Israel’s national dairy company, Tnuva, from Apax Partners for NIS 8.6 billion.  The Israeli government had no part in the deal.

Apax, which owns a 56 percent stake in the firm, will make a cool NIS 4 billion on the deal, and will not be required to pay any tax, according to a report posted on the Globes business news website.

The national kibbutz movement, which owns 23 percent of the company’s shares, did not sell. But Mivtach-Shamir Food Industries, which owns 21 percent of the company, is still negotiating, according to the report.

In a statement released to media, Bright Food said, “We are proud to acquire Tnuva. For us this is a long-term sound investment that will help Tnuva become a company that enters global markets. It is our intention to continue to keep Tnuva as an Israeli company and continue cooperating with all relevant local bodies including employees, farmers, and cattle farmers to faithfully serve the Israeli consumer.”

Under the terms of the deal, Tnuva’s CEO will be Israeli and its chairman of the board will be Chinese, from the Bright Food group. Its center of operations will remain in Israel as well.

Prime Minister Binyamin Netanyahu has been deeply invested in strengthening ties economically and diplomatically with China, and bilateral commercial ventures have risen over the past several years. Tourism projects between Israel and China has increased as well.

However, it is not clear what would happen if diplomatic relations between Israel and China were ever to falter, or if for some reason Israeli consumer regulations differed from those preferred by the Chinese food conglomerate.

The bottom line remains: What will happen to Tnuva — and by extension, to the Israeli dairy consumer — if relations between the two countries go sour?

Hana Levi Julian

Erdogan: Israel Behind Egypt Coup

Wednesday, August 21st, 2013

Turkish Prime Minister Recep Tayyip Erdogan said Israel was behind last month’s military coup in Egypt.

Erdogan told a meeting of the provincial chairs of his ruling Justice and Development, or AKP, party that he has evidence that Israel was involved in the July 3 overthrow of Egyptian President Mohamed Morsi, the Turkish Hurriyet news service reported.

“Who is behind this? Israel. We have evidence,” the prime minister said, according to Hurriyet.

He cited as proof a statement by a French intellectual he identified as Jewish, who told the Israeli justice minister during a visit to France before Egypt’s 2011 elections, “The Muslim Brotherhood will not be in power even if they win the elections. Because democracy is not the ballot box,” Hurriyet reported.

The White House condemned Erdogan’s remarks.

“Suggesting that Israel is somehow responsible for recent events in Egypt is offensive, unsubstantiated and wrong,” White House spokesman Josh Earnest told reporters later Tuesday.

Turkey downgraded diplomatic ties with Israel and later expelled Israel’s ambassador following the Mavi Marmara flotilla incident in May 2010 that resulted in the deaths of nine Turkish nationals in a confrontation with Israeli Navy commandos. The ship was trying to evade Israel’s maritime blockade of the Gaza Strip.

Israeli Prime Minister Benjamin Netanyahu apologized to Erdogan in March for the incident, and representatives of the countries have met for reconciliation talks. The talks reportedly are held up over the amount of compensation that Israel is to pay to the families of the Turkish casualties and how the payments are to be characterized.

JTA

Printed from: http://www.jewishpress.com/news/breaking-news/erdogan-israel-behind-egypt-coup/2013/08/21/

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