While some hesitate about investing in Israel, Matthew Bronfman has no hesitation. He has announced that he bought the last 15% stake in Ikea Israel for about $160 million.

The store has been a favorite for Israeli’s, and the chain has been expanding in Israel.

According to Globes: “The main reason why Bronfman exercised the option to buy out his partners is the planned expansion of IKEA Israel. The company value for the deal is based on the IKEA Israel store in Netanya and the brand’s potential in Israel. The construction of a second store in Rishon LeZion is stuck in legal battles over the building permit for the site at Me’uyan Soreq. IKEA also plans to open a third store in the Galilee within three years.”

This looks like it will turn out to be a very good investment.

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