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Cacalist | by: Oren Fruend | 07/01/16

The company, which is controlled by the Zelkind Family, will record a profit of NIS 270 for the transaction and will reap NIS 327 million in cash flow 

The Elco Group, which is controlled by the Zelkind Family, reports today another exit. The Group's foreign subsidiary, which holds 35% of a Chinese company, will sell land it owns in China for NIS 440 million. The transaction will generate a net profit for Elco of NIS 270 million and free cash flow of NIS 325 million. 

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