Israel Postal Company privatization process to begin
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Israel’s Government Companies Authority will meet shortly to kick-start the privatization process for the Israel Postal Company.
The privatization of the Israel Postal Co. is part of the government’s recovery plan for the company. In June the Ministers of Finance and Communications agreed the recovery plan, which includes a NIS 1.7 billion loan, with the company committing to sell assets worth NIS 450 million, with the balance coming from a public offering and privatization.
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