Israel To Privatize Postal Network
Photo by Ilan Evyatar/TPS on 2 July, 2018

Israel To Privatize Postal Network

  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.

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  • Ilan Evyatar/TPS
  • July 02, 2018