Merhav is a multinational corporation with interests in a range of sectors including energy infrastructure projects and agriculture. for the acquisition of between and of the Project. Ampal has agreed to advance up to an additional million to fund the Project. The loan will bear interest at an annual rate equal to LIBOR plus . and will be convertible into all or a portion of the equity interest purchased pursuant to the option. The loan is secured by a pledge on Merhav s shares in Ampal. acted as financial advisors to the special committee. The Company is seeking opportunistic situations in a variety of industries with a focus on energy and related sectors. For more information about Ampal please visit our web site at www. Ampal assumes no obligation to update or revise any forward looking statements.
Source: http://www.forbes.com/businesswire/feeds/businesswire/2007/12/25/businesswire20071224005160r1.html
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