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Half a billion exit: Kibbutz Shamir sold the rest of his holdings in the optics company he founded

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The value of Shamir Optica has quadrupled in a period of 11 years: in 2011, the kibbutz sold 37% of the shares to the French-Italian Essilor at a value of 260 million dollars, and has now sold the rest of its holdings to it; According to estimates, 50 million dollars will be distributed among the 450 members of the kibbutz

On Monday, Kibbutz Shamir signed a huge deal to sell the rest of his shares in the optics company he founded, Shamir Optica, at a whopping value of one billion dollars. The shares were sold to the French-Italian giant corporation Essilor-Loacoustica which already owned 50% of the shares.

In other words: the kibbutz will receive $500 million for its holdings in the company. In 2011, the kibbutz sold 37% of the shares to the French Essilor at a value of 260 million dollars, so the value jumped 4 times over 11 years.

The kibbutz has 450 members so the calculation is more than a million dollars per member. However, this is a privatized kibbutz so that only a relatively small part of the amount, 50 million dollars according to estimates, will be distributed among the members and the remainder will be used to build a model that will ensure the financial future of the kibbutz.

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Among the founders of the factory were Giora Ben Ze'ev and Uzi Tzur, and they led it until the beginning of the previous decade. The agreement stipulates that the company's development center will continue to be in the kibbutz.

Shamir Optics manufactures high-quality optical lenses and employs 2,500 people in 23 countries through 18 optics laboratories and subsidiaries.

 
No, they owned the other 70%.
Arabs were poor people, mostly, who worked the land under the Ottoman Empire. Very few owned any land.
The Ottoman Empire only started selling land, for financial reasons, after the 1850s. They sold to Arabs, they sold to Jews.

It is all recorded by the Ottomans and the British.

Jews bought swamp, as in where Tel Aviv now sits. And also land which was desert. No one lived in those lands, so the Jews bought them and turned them into cities and Kibbutzim.

Many Muslims migrated into the area after 1897 when Jews started creating infrastructure and jobs and those Muslims worked for the Jews then, as many Arabs work for Jews in Judea and Samaria and in Israel, now.

The majority of Arabs who now live in the area, in Gaza, Israel, Judea and Samaria, are migrants from the 1890s until 1948.

Most Arabs in Gaza do not own land. Hamas does.

Most Arabs in Areas A and B in Judea and Samaria, do not own land either.

Most Christian Arabs have been expelled by the Muslims from Bethlehem after the PA took over. They used to be the majority there. Many have moved to Israel.
 
How did a bunch of poor squatters who barely paid rent to their Turkish landlords suddenly own 70%?
All Turkish land was ceded to Palestine in the treaty of Lausanne.

Virtually all of the cities, towns, and villages in Palestine predate the Ottoman Empire. Who owned the land then?
 
All Turkish land was ceded to Palestine in the treaty of Lausanne.

Virtually all of the cities, towns, and villages in Palestine predate the Ottoman Empire. Who owned the land then?
All Turkish land was not ceded to pal'istan in the Treaty of Lausanne. That is just laughable nonsense.
 
Yes. Linky.

Support you nonsense claim that all Turkish lands were ceded to Pal'istan in the Treaty of Lausanne.


While you're busy with that, support your nonsense claim that the Treaty of Lausanne invented the Magjcal Kingdom of Pal'istan.
 
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Arabs were poor people, mostly, who worked the land under the Ottoman Empire. Very few owned any land.
The Ottoman Empire only started selling land, for financial reasons, after the 1850s. They sold to Arabs, they sold to Jews.

It is all recorded by the Ottomans and the British.

Jews bought swamp, as in where Tel Aviv now sits. And also land which was desert. No one lived in those lands, so the Jews bought them and turned them into cities and Kibbutzim.

Many Muslims migrated into the area after 1897 when Jews started creating infrastructure and jobs and those Muslims worked for the Jews then, as many Arabs work for Jews in Judea and Samaria and in Israel, now.

The majority of Arabs who now live in the area, in Gaza, Israel, Judea and Samaria, are migrants from the 1890s until 1948.

Most Arabs in Gaza do not own land. Hamas does.

Most Arabs in Areas A and B in Judea and Samaria, do not own land either.

Most Christian Arabs have been expelled by the Muslims from Bethlehem after the PA took over. They used to be the majority there. Many have moved to Israel.

Here's land ownership in Palestine in 1947.

UN-Map-m0094.webp
 
Here's land ownership in Palestine in 1947.

UN-Map-m0094.webp
From 1920 to 1948 the Arabs, led by Al Husseini Clan, did their best to keep the Jews from rebuilding their Nation on their Ancient homeland.

1920 - Jews were expelled from Gaza
1925 - Jews were expelled from TranJordan
1929 - Jews were expelled from Hebron, oldest Jewish city
1948 - Jews were expelled from all of Judea and Samaria

Jews owned homes and lands in those regions. They were expelled by force.


The map is meaningless, as only Jews were expelled by the time the map was made in 1945.


The Jews were given the legal International right to rebuild their Nation on their Ancient homeland by the League of Nations. They did not dispossess anyone between 1897 and 1948. They bought swamps and lands where no one lived on.

The map is meaningless .
 
All Turkish land was ceded to Palestine in the treaty of Lausanne.

Virtually all of the cities, towns, and villages in Palestine predate the Ottoman Empire. Who owned the land then?

All Turkish land was ceded to Palestine in the treaty of Lausanne.

Cool story. Post the part that says that means the Arab squatters now owned it.
 
From 1920 to 1948 the Arabs, led by Al Husseini Clan, did their best to keep the Jews from rebuilding their Nation on their Ancient homeland.

1920 - Jews were expelled from Gaza
1925 - Jews were expelled from TranJordan
1929 - Jews were expelled from Hebron, oldest Jewish city
1948 - Jews were expelled from all of Judea and Samaria

Jews owned homes and lands in those regions. They were expelled by force.


The map is meaningless, as only Jews were expelled by the time the map was made in 1945.


The Jews were given the legal International right to rebuild their Nation on their Ancient homeland by the League of Nations. They did not dispossess anyone between 1897 and 1948. They bought swamps and lands where no one lived on.

The map is meaningless .
If you are referring to the Balfour Declaration, you are forgetting one important caveat, that the Jews were allowed to immigrate, provided they did not compromise the rights of the existing non-Jewish population.

But that's not what you did.
 
If you are referring to the Balfour Declaration, you are forgetting one important caveat, that the Jews were allowed to immigrate, provided they did not compromise the rights of the existing non-Jewish population.

But that's not what you did.
You have it wrong. As I said, the Jews already living on the land for centuries, before the Zionist immigration, were as expelled as the other Jews.

No Arabs were expelled between 1987 and 1947.

Many Jews were expelled from Gaza, Hebron and TranJordan.
Then in 1948, Jews who lived in Jerusalem and Judea and Samaria for centuries were expelled by the Jordanians.
 

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