Caesarstone enters definitive agreement to acquire majority stake in lioli ceramica

Caesarstone enters global porcelain countertop market through majority stake acquisition of lioli ceramica.caesarstone ltd - entered into a definitive agreement to acquire a majority stake in lioli ceramica pvt.caesarstone ltd - deal for a cash investment of about $12 million.caesarstone ltd - deal for enterprise value of about $34 million.caesarstone ltd - deal is expected to have favorable impact to earnings beyond 2020.
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