Hagihon IPO to kick-start Israeli privatisation
- From: Vol 8, Issue 7 (July 2007)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: General Electric (GE), Hagihon Water Co and Leader Capital Markets
The planned flotation of 20% of Jerusalem’s municipal water company is a shrewd move. It will provide cheap funds to help finance a new wastewater BOT.
Jerusalem’s municipal water company is planning to become the first in Israel to go public. Hagihon Water Company Ltd is in advanced talks with the Israeli Finance and Interior Ministries on the sale of a 20% stake in the municipally owned utility. Under a law passed by the Knesset in 2001, municipally owned infrastructure companies are allowed to sell ...
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