Israel To Privatize Postal Network
2 July, 2018 |
8 years ago
Jerusalem, 2 July, 2018 (TPS-IL) -- The ministerial committee on privatization said Monday that 40 percent of the Israel Post would be sold off in two stages. In the first stage, 20% of the company will be sold to a private strategic investor, either local or foreign, and at the second stage a further 20 percent will be sold to the public and the company will be traded on the Tel Aviv Stock Exchange. The state will retain a share of no less than 60% in the company. The privatization process is due to be completed within a period of two years.
