Intel Corporation has announced the completion of the transaction for the purchase of 84% of the shares of the Israeli company Mobileye, based on the value of the company at 15.3 billion dollars.
Minority shareholders of the company granted an extension to sell their shares until August 21.
Completion of the transaction means that the payment of taxes on the transaction, estimated at 4 billion shekels will go to the state Treasury in September of this year.
We will remind that the Ministry of Finance, in coordination with the Bank of Israel took a decision to allow Intel to pay tax on the purchase transaction, the company Mobileye in USD, not NIS.
This step was taken to prevent further collapse of the dollar against the shekel due to exchange transactions on the NIS 1.5 billion dollars.
Taxes paid will be stored on account of the state in the Bank of Israel and used as needed.