June 22, 2017 / 7:04 AM / 2 months ago

Israeli foodmaker Strauss to raise 180 mln shekels in share issue

JERUSALEM, June 22 (Reuters) -

* Israeli foodmaker Strauss Group said on Thursday it will sell 2.7 million shares in a private placement to institutional investors for a total of 180 million shekels ($51 million).

* Strauss, a maker of snacks, fresh foods and coffee, said it will sell the shares at 66 shekels each.

* Its shares closed at 68.30 shekels on Wednesday in Tel Aviv after hitting a year high of 69.50 on Monday.

* The share allocation is subject to approval from the Tel Aviv Stock Exchange.

* ($1 = 3.5409 shekels) (Reporting by Steven Scheer; Editing by Tova Cohen)

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