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Tnuva Food Industries Ltd. will distribute a dividend of NIS 280 million on February 1, the company's board of directors decided yesterday. Mivtach Shamir Holdings Ltd. (TASE:MISH), which owns 20.66% of Tnuva, will receive NIS 57.9 million, and Apax Partners, which owns 56.1%, and will receive NIS 157 million.
Tnuva distributed dividends of NIS 1.3 billion in 2011 and NIS 570 million in 2009. It did not distribute a dividend in 2010. In October, the company disclosed that it posted a net profit of NIS 517 million in 2010, 19% more than its net profit of NIS 433 million in 2009.
In November, ''Globes'' reported that Mivtach, controlled by chairman Meir Shamir, wwould offer to buy out Apax stake in Tnuva at a value of NIS 5.5-6 billion, including debt. Apax's stake in Tnuva is estimated at €300-350 million (NIS 1.5-1.75 billion).
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