Tahal celebrates despite Kardan difficulties

The Israeli engineer hosted a big party this month at the Watec exhibition to celebrate 65 years of pursuing big water projects in difficult markets. Its robust health contrasts strongly with the difficulties faced by its parent company Kardan NV.

Israeli engineer Tahal marked its sapphire anniversary in rude health this month, despite the dire cash position of its parent company Kardan NV. Overambitious fundraising before the financial crisis left the holding company with huge liabilities towards its debenture holders, which, together with losses at its real estate investment arm, have forced the group to sell assets – including...

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