Azrieli Group sells Tambor to Kusto Singapore for NIS 500 million
ByYEHUDA SHARONI
26 May 2014 21:36

Israel's Azrieli Group has completed the sale of paint manufacturer Tambor to Singapore's Kusto for a sum of NIS 500 million, it was announced Monday.

Hacarmel Granite, who carried out the sale under Azrieli, will earn NIS 60 million on the deal.



Kusto has already paid an advance of NIS 70 million to Hacarmel Granite to secure the deal.

Kusto is a construction company based in Singapore which employs more than 10,000 employees and records some $1.4 billion dollars in annual sales.

Share this article via
from around the web
Related Content
Woman weeping.
01 March 2014
New Worlds: Tell the whole truth

By JUDY SIEGEL-ITZKOVICH

Top Stories
Israel Weather
  • 8 - 18
    Beer Sheva
    10 - 16
    Tel Aviv - Yafo
  • 6 - 12
    Jerusalem
    9 - 15
    Haifa
  • 10 - 20
    Elat
    8 - 17
    Tiberias