Brazil's Duratex shares surge on Cecrisa deal

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Source: Dukascopy Bank SA
Shares in Duratex, Brazil's wood panel manufacturer, surged as much as 3% on Thursday after the announcement it would acquire the ceramic tile producer Cecrisa in a deal worth $132.6M.
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Thu, 23 May 2019 18:38:28 GMT

Japan's Murakami fails to buy Kosaido majority stake

Yoshiaki Murakami, the Japanese veteran activist shareholder, failed to take over a controlling stake in the printing company Kosaido, according to his funds statement on Thursday, due to the setback on the corporate Japan's entrenched practices.

Thu, 23 May 2019 16:55:08 GMT

Israel's Delek plans Phoenix insurer sale

Israel's Delek Group has clinched an agreement to sell a 32.5% stake in the insurer Phoenix Holdings in the deal valued at $476M to the private equity groups Gallatin Point Capital and Centerbridge Partners.

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