London Calling: Strauss-Elite Seeks LSE Listing

Leading Israeli food and drinks company Strauss-Elite Group has announced its plans to list on the London Stock Exchange this year in order to raise money to expand its operations abroad. Strauss-Elite is Israel's second-largest food and drink company, holding an 11.5% market share, though it generates about 40% of its revenues outside of Israel. The planned listing is closer to completion following the company's publication of its financial reports. The company posted a 19.5% rise in net income for the first quarter of 2006 to ILS62.4mn (US$13.8mn) with a sales increase of 31.8% at

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