TEL AVIV (Reuters) – Israeli real estate developer Azrieli Group (AZRG.TA) said on Sunday it sold its holdings in GES Global Environment Solutions to Generation Capital (GNRS.TA) for 105 million shekels ($30 million).

GES builds and operates seawater desalination facilities as well as industrial, municipal water and wastewater treatment plants.

The deal is not expected to have a material effect on the Azrieli’s results, the company said.

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