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Ampal-American Israel Corp. said Wednesday it purchased almost 4.6 percent of Egyptian gas exporter East Mediterranean Gas Co. (EMG) for $100 million, of which $50m. will be paid in cash and the rest in Ampal Class A stock.

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Bibliographic Details
Published inThe Jerusalem post
Main Author Avi Krawitz, Seth Freedman
Format Newspaper Article
LanguageEnglish
Published Jerusalem The Jerusalem Post Ltd 03.08.2006
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Summary:Ampal-American Israel Corp. said Wednesday it purchased almost 4.6 percent of Egyptian gas exporter East Mediterranean Gas Co. (EMG) for $100 million, of which $50m. will be paid in cash and the rest in Ampal Class A stock.