Israeli water companies mull minority stake sales
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Kardan Group, Mekorot and Tahal
Kardan and Mekorot have moved forward with plans to sell off minority stakes in their project subsidiaries.
Israel’s Kardan NV is planning to raise €70 million by selling a minority stake in its water engineering subsidiary Tahal as part of a strategic plan to expand the company’s operations outside Israel.
“We’ve seen a lot of interest in the sale of equity since the announcement was made in early November,” Gustavo Kronenberg, CEO of the ...
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