Ampal-American Israel Corp. said Wednesday it purchased almost 4.6 percent of Egyptian gas exporter East Mediterranean Gas Co. (EMG) for $100 million, of which $50m. will be paid in cash and the rest in Ampal Class A stock. Ampal previously owned 2% of EMG, which has been granted the rights to export natural gas from Egypt to Israel and other locations in the region via underwater pipelines.

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