Ava FX is valued at $35m and then at $45m
By Michael Greenberg
Forex Magnates
Clal Finance, an Ava FX holding company (33%) recently divested 50% of their stake to an undisclosed entity for $1.915 MM which values Ava at $11.6 MM. Ava FX also paid a dividend and Clal received $2.475m out of it (meaning that $7.5 was paid in total to all shareholders) and as well as being paid back a loan of $1.4m. All this might explain why Clal sold the first block for so cheap and set such a high number for the next block.
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