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Koor Industries (Nasdaq:KOR) affiliate Makhteshim-Agan Industries may be forced to buy back about NIS 90 million worth of its shares in six weeks, Yedioth Ahronoth reports.

The commitment arises from an option MAI granted to minority shareholders when taking over the Brazilian agrochemicals company Milenia in August 2000. Part of the compensation the sellers received was MAI shares ¿ and an option to sell the shares back to MAI if their average price during December 2001 is below $2.57 each.

MAI's current share price on the Tel Aviv Stock Exchange is NIS 8.4, or around $2.

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