Mekorot Israel National Water Co. raises NIS 1.1 Billion in bonds
Gross Law Firm (GKH) represented Mekorot Israel National Water Co. on a successfully raising NIS 1.1 Billion in bonds.
This is an expansion of two existing series – the demand was NIS 2.5 billion;
The government water company, under Eli Cohen, is expected to invest NIS 1.5 billion this year in a number of projects – including connecting the future desalination plant in the Western Galilee to the national grid, the fifth water line to Jerusalem and in new water wells.
Partners Esther Koren and Ifat Sheftel- Ben Zvi, along with associate David Olshtein represented Mekorot in the successful process.
Click here the link for the full article (in Hebrew)
And, while Mekorot boosted its coffers, the investments were well under way.
Lipa Meir’s Dr. Ziv Preis and Tom Nissani of the firm’s Cross-Border Mergers & Acquisitions, Banking & Finance practice group, represented Evolution Water, an artificial intelligence company, in its formation and investment by Mekorot, which will implement Evolution Water’s software system in the water transmission infrastructure in Israel.
