Japanese conglomerate Marubeni, SFK Technologies close investment deal

Tel Aviv-traded Shrem Fudim Technologies, member of the Shrem Fudim Kelner group, has finalized the investment agreement with the Japanese conglomerate Marubeni.

The Japanese firm is to invest $5 million in SFK Technologies in return for 15.79%.

The deal was based on $31.7 million company value, 24% less than the December value the agreement, but 28% higher than the market price.

Initial reports said that Marubeni would acquire 10% of SFK Technologies. In December it was reported that Marubeni was going to acquire a 12% interest for $5 million, extrapolating to a company value of $41.7 million.

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