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Half a billion exit: Kibbutz Shamir sold the rest of his holdings in the optics company he founded
The value of Shamir Optica has quadrupled in a period of 11 years: in 2011, the kibbutz sold 37% of the shares to the French-Italian Essilor at a value of 260 million dollars, and has now sold the rest of its holdings to it; According to estimates, 50 million dollars will be distributed among the 450 members of the kibbutz
On Monday, Kibbutz Shamir signed a huge deal to sell the rest of his shares in the optics company he founded, Shamir Optica, at a whopping value of one billion dollars. The shares were sold to the French-Italian giant corporation Essilor-Loacoustica which already owned 50% of the shares.
In other words: the kibbutz will receive $500 million for its holdings in the company. In 2011, the kibbutz sold 37% of the shares to the French Essilor at a value of 260 million dollars, so the value jumped 4 times over 11 years.
The kibbutz has 450 members so the calculation is more than a million dollars per member. However, this is a privatized kibbutz so that only a relatively small part of the amount, 50 million dollars according to estimates, will be distributed among the members and the remainder will be used to build a model that will ensure the financial future of the kibbutz.
Among the founders of the factory were Giora Ben Ze'ev and Uzi Tzur, and they led it until the beginning of the previous decade. The agreement stipulates that the company's development center will continue to be in the kibbutz.
Shamir Optics manufactures high-quality optical lenses and employs 2,500 people in 23 countries through 18 optics laboratories and subsidiaries.
www.calcalist.co.il


The value of Shamir Optica has quadrupled in a period of 11 years: in 2011, the kibbutz sold 37% of the shares to the French-Italian Essilor at a value of 260 million dollars, and has now sold the rest of its holdings to it; According to estimates, 50 million dollars will be distributed among the 450 members of the kibbutz
On Monday, Kibbutz Shamir signed a huge deal to sell the rest of his shares in the optics company he founded, Shamir Optica, at a whopping value of one billion dollars. The shares were sold to the French-Italian giant corporation Essilor-Loacoustica which already owned 50% of the shares.
In other words: the kibbutz will receive $500 million for its holdings in the company. In 2011, the kibbutz sold 37% of the shares to the French Essilor at a value of 260 million dollars, so the value jumped 4 times over 11 years.
The kibbutz has 450 members so the calculation is more than a million dollars per member. However, this is a privatized kibbutz so that only a relatively small part of the amount, 50 million dollars according to estimates, will be distributed among the members and the remainder will be used to build a model that will ensure the financial future of the kibbutz.

Among the founders of the factory were Giora Ben Ze'ev and Uzi Tzur, and they led it until the beginning of the previous decade. The agreement stipulates that the company's development center will continue to be in the kibbutz.
Shamir Optics manufactures high-quality optical lenses and employs 2,500 people in 23 countries through 18 optics laboratories and subsidiaries.

ืืงืืื ืฉื ืืฆื ืืืืืืจื ืืืืจ: ืงืืืืฅ ืฉืืืจ ืืืจ ืืช ืืชืจืช ืืืืงืืชืื ืืืืจืช ืืืืคืืืงื ืฉืืงืื | ืืืืืืกื
ืฉืืืืื ืฉื ืฉืืืจ ืืืคืืืงื ืงืคืฅ ืคื ืืจืืขื ืืชืงืืคื ืฉื 11 ืฉื ืื: ื-2011 ืืืจ ืืงืืืืฅ 37% ืืืื ืืืช ืืืกืืืืจ ืืฆืจืคืชืืช-ืืืืืงืืช ืืคื ืฉืืื ืฉื 260 ืืืืืื ืืืืจ, ืืขืชื ืืืจ ืื ืืช ืืชืจืช ืืืืงืืชืื; ืขื ืคื ืืืขืจืืืช, 50 ืืืืืื ืืืืจ ืืืืืงื ืืื 450 ืืืจื ืืงืืืืฅ