Israeli investors have submitted a request to the Government Companies Authority for information about the Israel Military Industries Ltd. (IMI) privatization tender. IMI’s value is estimated at $5.7 – $7.6 billion. The deadline for requests to participate in the tender is tomorrow.
The banking entities advising the process expect 4-5 Israeli and foreign groups to express interest in acquiring the company, including industrial entrepreneurs and financial entities. Leumi Partners Ltd. and US bank Stifel are providing advice in the sale. The Government Companies Authority and IMI have conducted a roadshow in recent weeks for investors in Israel and overseas… [READ MORE]
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Published by Globes [online], Israel business news – www.globes-online.com
