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Invest in Israel Newsletter January 2011 Edition

VC Cafe

ChemChina, a state-owned company formed in 2004 from the former Ministry of Chemical Industry, had sales of $23 billion in 2010 and assets of $29 billion. Perrigo, a maker of over-the-counter drugs and infant formulas, agreed to buy the assets of Minneapolis-based Paddock Laboratories for $540 million in cash.