Israel Aerospace Industries chair move could unlock long-planned IPO
Categories: Capital Markets, Hi-Tech
Israel’s government is moving to resolve a prolonged governance deadlock at Israel Aerospace Industries (IAI) by advancing plans to appoint current CEO Boaz Levy as chairman. The chairman role has been vacant for more than a year and a half amid political disputes, and the step is intended to clear the way for a long-discussed flotation.
The state is considering an IPO of roughly 30% of IAI on the Tel Aviv Stock Exchange at a valuation in the range of NIS 80–100 billion, with a potential Rafael offering also under consideration.
Read more in Calcalist.
