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Profimex: We've invested C$204m in Canadian properties

Until now, Profimex was believed to have made $156 million in investments, based on the prevailing exchange rate.

Elazar Levin    26 Oct 03   11:21

Profimex (Israel) has told "Globes" that it has invested C$204.7 million in residential buildings, shopping centers, logistics centers, and assisted living facilities in Canada, together with Canadian company ASG Financial Group. This is the first time that Profimex has disclosed information about its overseas investments. Until now, Profimex was believed to have made $156 million in investments, based on the prevailing exchange rate. Profimex comprises of a group of Israeli investors.

"Globes" earlier reported that Profimex had bought a number of old age homes across Canada.

Published by Globes [online]  on October 26, 2003