Agritech

The research team has identified plant genes that can be altered to increase a plant’s tolerance to heat, drought and salinity.

Citi and Lehman Brothers reiterated recommendations for the agrochemicals maker.

A goal of the fund is is to build up agritech in the Arava region.

The firm considered an IPO in 2005, but sales didn't take off.

The companies will collaborate on improving nitrogen absorption by crops.

"We expect the company’s sales to surge by 13% year-on-year."

Evogene and Orfuel will develop oil-rich soy and canola to use in the production of biodiesel.

Revaho makes irrigation and greenhouse products.

Markstone will make a return of over 100% on its investment in the company.

The initial fee and milestone payments should reach several million dollars.

Plastro's rival Netafim has also made a bid.

The Minrav subsidiary estimates the US market for its organic pesticide at $8 million a year.

Netafim offered Kibbutz Gvat NIS 11-13 per share for its stake, 33-45% above Plastro’s opening price today.

Belmay posted $15.1 million in sales in 2006.